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Some Reminiscences on Richard Jeffrey, and Some Reflections on The Logic of Decision

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Hajek, Alan

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University of Chicago Press

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This paper is partly a tribute to Richard Jeffrey, partly a reflection on some of his writings, The Logic of Decision in particular. I begin with a brief biography and some fond reminiscences of Dick. I turn to some of the key tenets of his version of Bayesianism. All of these tenets are deployed in my discussion of his response to the St. Petersburg paradox, a notorious problem for decision theory that involves a game of infinite expectation. Prompted by that paradox, I conclude with some suggestions of avenues for future research.

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Philosophy of Science

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