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Ep 130: Steven Pinker’s ”Rationality” Ch 6 ”Risk and Reward” (Rational Choice & Expected Utility). Analysis.

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Axioms of Decision Making Theory

Decision making theory is about a statement of axioms that, uncontroversially, one would want to agree with. According to pinker, for any options a and b, the decider either prefers a, or they prefer b, or they are indifferent between them. That's an axiom. It is a simple statement of basic logic. This is what happens when it comes to outlining systems of logic. When you come up with axioms for anything, whether it's simple arithmetic or basic logic, you beg with axiomatic that are so obvious no one could possibly disagree with them.

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