Title data
Rich, Patricia:
The key to the knowledge norm of action is ambiguity.
In: Synthese.
Vol. 199
(2021)
.
- pp. 9669-9698.
ISSN 1573-0964
DOI: https://doi.org/10.1007/s11229-021-03221-5
Project information
Project title: |
Project's official title Project's id Emmy Noether Project "Knowledge and Decisions" 315078566 |
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Project financing: |
Deutsche Forschungsgemeinschaft |
Abstract in another language
Knowledge-first epistemology includes a knowledge norm of action: roughly, act only on what you know. This norm has been criticized, especially from the perspective of so-called standard decision theory. Mueller and Ross provide example decision problems which seem to show that acting properly cannot require knowledge. I argue that this conclusion depends on applying a particular decision theory (namely, Savage-style Expected Utility Theory) which is ill-motivated in this context. Agents’ knowledge is often most plausibly formalized as an ambiguous epistemic state, and the theory of decision under ambiguity is then the appropriate modeling tool. I show how to model agents as acting rationally on the basis of their knowledge according to such a theory. I conclude that the tension between the knowledge norm of action and formal decision theory is illusory; the knowledge-first paradigm should be used to actively select the decision-theoretical tools that can best capture the knowledge-based decisions in any given situation.
Further data
Item Type: | Article in a journal |
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Refereed: | Yes |
Keywords: | Knowledge; Decision-making; Ambiguity; Knowledge-first epistemology;
Imprecise probability; Expected utility; Uncertainty |
Institutions of the University: | Faculties > Faculty of Cultural Studies > Department of Philosophy > Junior Professor Philosophy of Economics > Junior Professor Philosophy of Economics - Juniorprof. Dr. Patricia Lynn Rich Faculties Faculties > Faculty of Cultural Studies Faculties > Faculty of Cultural Studies > Department of Philosophy Faculties > Faculty of Cultural Studies > Department of Philosophy > Junior Professor Philosophy of Economics |
Result of work at the UBT: | Yes |
DDC Subjects: | 100 Philosophy and psychology > 100 Philosophy 100 Philosophy and psychology > 120 Epistemology 300 Social sciences > 330 Economics |
Date Deposited: | 09 Oct 2021 21:00 |
Last Modified: | 24 Mar 2022 08:19 |
URI: | https://eref.uni-bayreuth.de/id/eprint/67273 |