CORDIS Project
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This project critiques the traditional expected utility theory in decision-making, arguing for a new framework that treats desires and beliefs equally. It aims to develop a theory of rational desire management, exploring how desires can align with reality to improve decision-making processes.
The standard framework for rational decision making is expected utility theory.
In this framework, decision makers are modelled as having a probability function, which represents their degrees of belief about what is likely to happen, as well as a utility function that represents how desirable they find each possible outcome.
Expected utility theory has been influential in many disciplines, including philosophy, but it has important limitations and flaws.
In particular, desires are typically tre…
UNIVERSITETET I INNLANDET
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