Analysis | 2021

Why change your beliefs rather than your desires? Two puzzles

 

Abstract


\n In standard decision theory, the probability function ought to be updated in light of evidence, but the utility function generally stays fixed. However, there is nothing in the formal theory that prevents one from instead updating the utility function, while keeping the probability function fixed. Moreover, there are good arguments for updating the utilities and not just the probabilities. Hence, the first puzzle is whether there is anything that justifies updating beliefs, but not desires, in light of evidence. The paper argues that there is not, but that this raises a second puzzle.

Volume None
Pages None
DOI 10.1093/analys/anaa064
Language English
Journal Analysis

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