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Science & Reason$
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Henry E. Kyburg

Print publication date: 1991

Print ISBN-13: 9780195062533

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780195062533.001.0001

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Decision Theory

Decision Theory

Chapter:
(p.224) 14 Decision Theory
Source:
Science & Reason
Author(s):

Jr. Henry E. Kyburg

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195062533.003.0014

Efforts to get scientific knowledge reap valuable knowledge about the world. It is often rewarding simply to know more, but a greater benefit of knowing more is that, knowing the future, one can make sound decisions. There is an easy and unified decision theory that, if only it applied to everything, would solve all the decision problems humans face. It is known as “Bayesian” decision theory because it requires a set of probabilities determined over the world states.

Keywords:   Bayesian theory, decision theory, scientific knowledge, decision problems, probability

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