Transformative decision rules

M.B. Peterson

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

A transformative decision rule transforms a given decision probleminto another by altering the structure of the initial problem,either by changing the framing or by modifying the probability orvalue assignments. Examples of decision rules belonging to thisclass are the principle of insufficient reason, Isaac Levi'scondition of E-admissibility, the de minimis rule, andthe precautionary principle. In this paper some foundationalissues concerning transformative decision rules are investigated,and a couple of formal properties of this class of rules areproved.
Original languageEnglish
Pages (from-to)71-85
Number of pages15
JournalErkenntnis
Volume58
Issue number1
DOIs
Publication statusPublished - 2003

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