Decision Theory

Catalog description

In this course, we will explore formal approaches to individual and group decision making, while assessing their philosophical significance and practical applications. First, we explore rational choice theory by considering the relationship between instrumental rationality and formal utility theory, different conceptions of preference and utility, and objections to the standard assumptions of rational choice. Following that, we have a brief interlude with game theory by addressing the prisoner?s dilemma, Nash equilibrium, and backward induction. Finally, we connect the formal theory of rational choice to issues in social and political philosophy with a focus on social choice theory and its applications to democracy. Throughout, you will learn basic concepts and techniques essential for approaching and analyzing issues in the interdisciplinary field of philosophy, politics, and economics.