A paradox for tiny probabilities and enormous values.
We begin by showing that every theory of the value of uncertain prospects must have one of three unpalatable properties. Reckless theories recommend giving up a sure thing, no matter how good, for an arbitrarily tiny chance of enormous gain; timid theories permit passing up an arbitrarily large pote...
| Published in: | Nous (0029-4624) Vol. 58; no. 2; pp. 431 - 456 |
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| Main Authors: | , |
| Format: | Article |
| Published: |
Wiley-Blackwell
Jun2024
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |