Dynamic Decision Theory
This chapter considers the controversial relationship between dynamic choice models, which depict a series of choices over time, and the more familiar static choice models, which depict a single ‘one-shot-only’ decision. An initial issue concerns how to reconcile the normative advice of these two models: Should an agent take account of the broader dynamic context when making a decision, and if so, in a sophisticated manner (the orthodox backwards induction approach), or rather in a resolute...[Show more]
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|Book Title:||Introduction to Formal Philosophy|
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