ERC Starting Grant · 2024
Towards a Theory of Rational Desire
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 treated as subjective and hence not a suitable target of criticism, aside from the requirement that they obey very generic coherence constraints. Agents’ degrees of belief, on the other hand, are held…
From the public funding record at EU CORDIS. Describes the funded project, not the reviews below.