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Tag Archives: Expected utility
How can we assign probabilities in cases of uncertainty? And what is the nature of probabilities, to start with? And what is the rational mechanism for making a choice under uncertainty? Thomas Bayes lived in the eighteenth century. Bayes’ famous … Continue reading
1. The “Center for Rationality” “Founded in 1991, the Hebrew University’s Center for the Study of Rationality [at first it was simply called "Center for Rationality"] is a unique venture in which faculty, students, and guests join forces to explore the … Continue reading