Diversity and Disagreement From Fundamental Biases to Ethical Interactions
By Adam Feltz and Edward T. Cokely
How should you live your life? Considering a wide range of possible per- spectives, decision theory offers a simple prescription: Just make decisions that get you more of what you should want. It’s a very straightforward recommendation. Nevertheless, it’s hard to overstate the transformative influence of decision theory and its components, including probability theory and statistics. It seems likely that nearly every living person has felt decision theory’s influence in many ways (e.g., it is an essential foundation of modern science and engineering). And with each passing day the influ- ence of decision theory seems to be accelerating thanks to increases in knowledge, connectivity, and computing power. Yet despite its growing impact, decision theory cannot tell us what decision we should make unless we know what we should want, or more precisely what we should value.
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