No escape from Allais: reply to Buchak
Thoma, Johanna
; and Weisberg, Jonathan
(2019)
No escape from Allais: reply to Buchak
Philosophical Studies.
pp. 1-8.
ISSN 0031-8116
In Risk and Rationality, Buchak (Risk and rationality, Oxford University Press, Oxford, 2013) advertises REU theory as able to recover the modal preferences in the Allais paradox. In our Thoma and Weisberg (Philos Stud 174(9):2369–2384, 2017. https://doi.org/10.1007/s11098-017-0916-3) however, we pointed out that REU theory only applies in the “grand world” setting, where it actually struggles with the modal Allais preferences. Buchak (Philos Stud 174(9):2397–2414, 2017. https://doi.org/10.1007/s11098-017-0907-4) offers two replies. Here we enumerate a variety of technical and philosophical problems with each.
| Item Type | Article |
|---|---|
| Copyright holders | © 2019 The Authors |
| Keywords | decision theory, risk, Allais paradox, expected utility, risk-weighted expected utility |
| Departments | Philosophy, Logic and Scientific Method |
| DOI | 10.1007/s11098-019-01322-z |
| Date Deposited | 12 Jun 2019 15:36 |
| Acceptance Date | 2019-06-12 |
| URI | https://researchonline.lse.ac.uk/id/eprint/101020 |
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- http://www.lse.ac.uk/cpnss/people/johanna-thoma?from_serp=1 (Author)
- https://link.springer.com/journal/11098 (Official URL)
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ORCID: https://orcid.org/0000-0002-1364-4521
