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1 - Objective and Methods

Published online by Cambridge University Press:  28 July 2009

Paul Weirich
Affiliation:
University of Missouri, Columbia
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Summary

The Occupational Safety and Health Administration (OSHA) regulates the workplace to reduce hazards to employees. Employers often challenge its decisions. Debate draws attention to many pressing issues in decision theory. To cover regulatory decisions made by government agencies for the public, decision theory must expand and reorganize. It needs an account of a group's probability and utility assignments. It also needs an account of decision making for others given uncertainty.

My project is the formulation of rules for rational decision making – that is, the construction of a normative decision theory. I seek rules powerful enough to handle the complexities of decisions made for another person or group of persons. In the cases targeted, a professional or group of professionals has some expert information and wants to use it to serve a client's goals. I expand and improve decision theory so that it offers practical guidance in these decision problems.

I assume that a rational decision maker deciding for herself adopts an option of maximum utility and then argue for various ways of calculating an option's utility. Decision theory gains range and depth by analyzing utility according to a multidimensional method that Section 1.1 explains and later chapters elaborate. Briefly, multidimensional utility analysis unifies methods of analyzing utility.

Type
Chapter
Information
Decision Space
Multidimensional Utility Analysis
, pp. 1 - 40
Publisher: Cambridge University Press
Print publication year: 2001

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  • Objective and Methods
  • Paul Weirich, University of Missouri, Columbia
  • Book: Decision Space
  • Online publication: 28 July 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511498602.002
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  • Objective and Methods
  • Paul Weirich, University of Missouri, Columbia
  • Book: Decision Space
  • Online publication: 28 July 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511498602.002
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Objective and Methods
  • Paul Weirich, University of Missouri, Columbia
  • Book: Decision Space
  • Online publication: 28 July 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511498602.002
Available formats
×