Wlodek Rabinowicz

The paper's focus is on pragmatic arguments for various ‘rationality constraints’ on a decision maker’s state of mind: on his beliefs or preferences. An argument of this kind purports to show that a violator of a given constraint can be exposed to a decision problem in which he will act to his guaranteed disadvantage. Dramatically put, he can be exploited by a clever bookie who doesn’t know more than the agent himself. Examples of pragmatic arguments of this kind are synchronic Dutch Books, for the standard probability axioms, diachronic Dutch Books, for the more controversial principles of reflection and conditionalization, and Money Pumps, for the transitivity requirement on preferences. The proposed exploitation set-ups share a common feature. If the violator of a given constraint is logically and mathematically competent, he can be exploited only if he is disunified in his decision-making. Exploitation is possible only if the agent makes decisions on various issues he confronts one by one, rather than on all of them together. Unity in decision making may be quite costly and is often inconvenient, especially when it concerns opportunity packages that are spread over time. Therefore, pragmatic arguments should be seen as delivering conditional conclusions: “To afford being disunified as a decision maker, you’d better satisfy these constraints.” Arguments of this kind fail to establish the inherent rationality of the constraints under consideration. Levi’s view of the status of pragmatic arguments (cf. Levi 2002) is diametrally opposed. According to him, only synchronic pragmatic arguments are valid (indeed, categorically valid). The diachronic ones, he argues, lack any validity at all. This line of reasoning is questioned in the paper.

According to the so-called “Folk Theorem” for repeated games, stable cooperative relations can be sustained in a Prisoner’s Dilemma if the game is repeated an indefinite number of times. This result depends on the possibility of applying strategies that are based on reciprocity, i.e., strategies that reward cooperation with subsequent cooperation and punish defectionwith subsequent defection. If future interactions are sufficiently important, i.e., if the discount rate is relatively small, each agent may be motivated to cooperate by fear of retaliation in the future. For finite games, however, where the number of plays is known beforehand, there is a backward induction argument showing that rational agents will not be able to achieve cooperation. On behalf of the Hobbesian “Foole”, who cannot see any advantage in cooperation, Gregory Kavka (1983, 1986) has presented an argument that significantly extends the range of the backward induction argument. He shows that, for the backward induction argument to be effective, it is not necessary that the precise number of future interactions be known. It is sufficient that there is a known definite upper bound on the number of interactions. A similar argument is developed by John W. Carroll (1987). We will here question the assumption of a known upper bound. When the assumption is made precise in the way needed for the argument to go through, its apparent plausibility evaporates. We then offer a reformulation of the argument, based on weaker, and more plausible, assumptions.

This is a short version of Lindström & Rabinowicz 1991.In earlier papers, we proposed a generalization of the AGM approach to belief revision. The proposal was to view belief revision as a relation rather than as a function on theories (or belief sets). Going relational means that one allows for several equally reasonable revisions of a theory with a given proposition. In the present paper, we show that the relational approach is the natural result of generalizing in a certain way an approach to belief revision due to Adam Grove. In his (1988) paper, Grove presented two closely related modelings of functional belief revision, one in terms of a family of "spheres" around the agent's theory G and the other in terms of an epistemic entrenchment ordering of propositions. The "sphere"-terminology is natural when one looks upon theories and propositions as sets of possible worlds. Grove's spheres may be thought of as possible "fallback" theories relative to the agent's original theory: theories that he may reach by deleting propositions that are not "sufficiently" entrenched (according to standards of sufficient entrenchment of varying stringency). The entrenchment ordering can be recovered from the family of fallbacks by the definition: A is at least as entrenched as B iff A belongs to every fallback to which B belongs. To revise a theory T with a proposition A, we go to the smallest sphere that contain A-worlds and intersect it with A. The relational notion of belief revision that we are interested in, results if one allows that some propositions may be incomparable with respect to epistemic entrenchment. As a result, the family of fallbacks around a given theory will no longer have to be nested. This change opens up the possibility for several different ways of revising a theory with a given proposition.

W artykule przedstawiam ogólne ujęcie relacji wartości. Jako punkt wyjścia przyjmuję szczególny typ relacji wartości, równorzędność, stanowiącą zdaniem Ruth Chang pewną postać porównywalności wartości, która rożni się od trzech standardowych postaci porównywalności: lepszości, gorszości i równowartości. Joshua Gert zasugerował niedawno, iż pojęcie równorzędności można wyjaśnić, jeśli porównania wartości zinterpretuje się jako normatywne oceny preferencji. Chociaż podstawowa idea przyświecająca Gertowi jest atrakcyjna, sposób w jaki ją rozwija jest błędny. Jego model wartości sformułowany w kategoriach dopuszczalnych sił preferencji jest nieadekwatny. Zamiast tego proponuję model alternatywny, sformułowany w kategoriach przecięć racjonalnie dopuszczalnych uporządkowań preferencji. Dostarcza on ogólnej taksonomii wszystkich binarnych relacji wartości. Artykuł kończę kilkoma uwagami dotyczącymi następstw tego ujęcia dla teorii racjonalnego wyboru.

In the standard money pump, an agent with cyclical preferences can avoid exploitation if he shows foresight and solves his sequential decision problem using backward induction (BI). This way out is foreclosed in a modified money pump, which has been presented in Rabinowicz (2000). There, BI will lead the agent to behave in a self-defeating way. The present paper describes another sequential decision problem of this kind, the Centipede for an Intransitive Preferrer, which in some respects is even more striking than the modified pump. In the new problem, the BI reasoning that implies self-defeating behavior does not rest on the controversial robustness assumption concerning beliefs in one's future rationality. This strengthens the claim that foresight cannot save the intransitive preferrer from a self-defeating course of action.

In earlier papers (Lindström & Rabinowicz, 1989. 1990), we proposed a generalization of the AGM approach to belief revision. Our proposal was to view belief revision as a relation rather thanas a function on theories (or belief sets). The idea was to allow for there being several equally reasonable revisions of a theory with a given proposition. In the present paper, we show that the relational approach is the natural result of generalizing in a certain way an approach to belief revision due to Adam Grove. In his (1988) paper, Grove presents two closely related modelings of functional belief revision, one in terms of a family of "spheres" around the agent's theory G and the other in terms of an epistemic entrenchment ordering of propositions. The "sphere"-terminology is natural when one looks upon theories and propositions as being represented by sets of possible worlds. Grove's spheres may be thought of as possible "fallback" theories relative to the agent's original theory: theories that he may reach by deleting propositions that are not "sufficiently" entrenched (according to standards of sufficient entrenchment of varying stringency). To put it differently, fallbacks are theories that are closed upwards under entrenchment The entrenchment ordering can be recovered from the family of fallbacks by the definition: A is at least as entrenched as B iff A belongs to every fallback to which B belongs. To revise a theory T with a proposition A, we go to the smallest sphere that contain A-worlds and intersect it with A. The relational notion of belief revision that we are interested in, results from weakening epistemic entrenchment by not assuming it to be connected. I.e., we want to allow that some propositions may be incomparable with respect to epistemic entrenchment. As a result, the family of fallbacks around a given theory will no longer have to be nested. This change opens up the possibility for several different ways of revising a theory with a given proposition.

This paper argues that expected utility theory for actions in chancy environments should be formulated in terms of centered chances. The subjective expected utility of an option A may be seen as a weighted sum of the utilities of A in different possible worlds, with weights being the credences that the agent assigns to these worlds. The utility of A in a given world is then definable as a weighted sum of the values of A’s different possible outcomes, with weights being the conditional chances of these outcomes if A were performed. On the centered-chance view, the chances to be used as weights in the definition of utility are centered. Unlike ordinary chances, centered chances depend not only on what happens prior to the agent’s choice but also on the events that occur after the choice. Thus, to give an example, suppose that the action under consideration results in a bad outcome due to some event whose ordinary chance of occurring was very low at the time of choice. Then the utility of that action in the actual world could be high on the non-centered view, but on the centered view that utility is negative, since the centered chance of the event in question given the action was one, given that it did actually take place. A precise definition of centered chances is not easy to frame, but the concept can be made intuitively clear. The resulting decision theory is, in my opinion, philosophically more satisfactory than the extant proposals, even though it doesn’t differ much in its practical recommendations, with the exception of some rather peculiar cases.

The paper presents and discusses the so-called Wrong Kind of Reasons Problem (WKR problem) that arises for the fitting-attitudes analysis of value. This format of analysis is exemplified for example by Scanlon's buck-passing account, on which an object's value consists in the existence of reasons to favour the object- to respond to it in a positive way. The WKR problem can be put as follows: It appears that in some situations we might well have reasons to have pro-attitudes toward objects that are not valuable. Or vice versa: we might have reasons not to have pro-attitudes toward some valuable objects. The paper goes through several attempts to solve (or dissolve) the WKR problem and argues that none of them is fully satisfactory.

In “Weighing Lives” (2004) John Broome criticizes a view common to many population axiologists. On that view, population increases with extra people leading decent lives are axiologically neutral: they make the world neither better nor worse, ceteris paribus. Broome argues that this intuition, however, attractive, cannot be sustained, for several independent reasons. I respond to his criticisms and suggest that the neutrality intuition, if correctly interpreted, can after all be defended.On the version I defend,the world with added extra people at wellbeing levels within the neutrality range is incommensurable in value with the world in which these peaople are absent.

Seidenfeld (Seidenfeld, T. [1988a], Decision theory without 'Independence' or without 'Ordering', Economics and Philosophy 4: 267-290) gave an argument for Independence based on a supposition that admissibility of a sequential option is preserved under substitution of indifferents at choice nodes (S). To avoid a natural complaint that (S) begs the question against a critic of Independence, he provided an independent proof of (S) in his (Seidenfeld, T. [1988b], Rejoinder [to Hammond and McClennen], Economics and Philosophy 4: 309-315). In reply to my (Rabinowicz, W. [1995], To have one's cake and eat it too: Sequential choice and expected-utility violations, The Journal of Philosophy 92: 586-620), in which I argue that the proof is invalid, Seidenfeld (Seidenfeld, T. [2000], Substitution of indifferent options at choice nodes and admissibility: A reply to Rabinowicz, Theory and Decision 48: 305–310 this issue) submits that I fail to give due consideration to one of the underlying assumptions of his derivation: it is meant to apply only to those cases in which the agent's preferences are stable throughout the sequential decision process. The purpose of this note is to clarify the notion of preference stability so as meet this objection.

We discuss various possibilities for developing a dynamic doxastic logic (DDL) for introspective agents: agents who have the ability to form higher-order beliefs. Such agents can reflect upon and change their minds about their own beliefs. The project of constructing such a logic, full DDL or DDL unlimited, is ridden with difficulties due to the fact that the agent's own doxastic state now becomes a part of the reality he is trying to explore. When an introspective agent learns more about the world (and himself), the reality he holds beliefs about undergoes a change in its doxastic part, which means that his introspective beliefs have to be adjusted accordingly.

The paper argues that the final value of an object, i.e., its value for its own sake, need not be intrinsic. It need not supervene on the object’s internal properties. Extrinsic final value, which accrues to things in virtue of their relational features, cannot be traced back to the intrinsic value of states that involve these things together with their relations. On the opposite, such states, insofar as they are valuable at all, derive their value from the things involved. The endeavour to reduce thing-values to state-values is largely motivated by a mistaken belief that appropriate responses to value must consist in preferring and/or promoting. A pluralist approach to value analysis obviates the need for reduction: the final value of a thing or a person can be given an independent interpretation in terms of the appropriate thing- or person-oriented responses: admiration, love, respect, protection, cherishing, etc.

The ‘buck-passing’ account equates the value of an object with the existence of reasons to favour it. As we argued in an earlier paper, this analysis faces the ‘wrong kind of reasons’ problem: there may be reasons for pro-attitudes towards worthless objects, in particular if it is the pro-attitudes, rather than their objects, that are valuable. Jonas Olson has recently suggested how to resolve this difficulty: a reason to favour an object is of the right kind only if its formulation does not involve any reference to the attitudes for which it provides a reason. We argue that despite its merits, Olson's solution is unsatisfactory. We go on to suggest that the buck-passing account might be acceptable even if the problem in question turns out to be insoluble

Abstract:  The paper provides a general account of value relations. It takes its departure in a special type of value relation, parity, which according to Ruth Chang is a form of evaluative comparability that differs from the three standard forms of comparability: betterness, worseness and equal goodness. Recently, Joshua Gert has suggested that the notion of parity can be accounted for if value comparisons are interpreted as normative assessments of preference. While Gert's basic idea is attractive, the way he develops it is flawed: His modeling of values by intervals of permissible preference strengths is inadequate. Instead, I provide an alternative modeling in terms of intersections of rationally permissible preference orderings. This yields a general taxonomy of all binary value relations. The paper concludes with some implications of this approach for rational choice.

It is a popular view thatpractical deliberation excludes foreknowledge of one's choice. Wolfgang Spohn and Isaac Levi have argued that not even a purely probabilistic self-predictionis available to thedeliberator, if one takes subjective probabilities to be conceptually linked to betting rates. It makes no sense to have a betting rate for an option, for one's willingness to bet on the option depends on the net gain from the bet, in combination with the option's antecedent utility, rather than on the offered odds. And even apart from this consideration, assigning probabilities to the options among which one is choosing is futile since such probabilities could be of no possible use in choice. The paper subjects these arguments to critical examination and suggests that, appearances notwithstanding, practical deliberation need not crowd outself-prediction

The papers focuses on pragmatic arguments for various rationality constraints on a decision maker’s state of mind: on her beliefs or preferences. An argument of this kind typically targets constraint violations. It purports to show that a violator of a given constraint can be confronted with a decision problem in which she will act to her guaranteed disadvantage. Dramatically put, she can be exploited by a clever bookie who doesn’t know more than the agent herself. Examples of pragmatic arguments of this kind are synchronic Dutch Books, for the standard probability axioms, diachronic Dutch Books, for the more controversial principles of reflection and conditionalization, and Money Pumps, for the acyclicity requirement on preferences. The paper suggests that the proposed exploitation set-ups share a common feature. If the violator of a given constraint is logically and mathematically competent, and if she prefers to be better off rather than worse off, she can be exploited only if she is disunified in her decision-making, i.e. only if she makes decisions on various issues she faces separately rather than jointly. Unification in decision making is relatively unproblematic in synchronic contexts, but it may be costly and inconvenient diachronically. On this view, therefore, pragmatic arguments should be seen as delivering conditional recommendations: If you want to afford disunification, then you’d better satisfy these constraints. They identify safeguards of a disunified mind. Isaac Levi’s position on these matters is diametrically different. According to Levi, only synchronic pragmatic arguments are valid. The diachronic ones, he argues, lack any validity at all. This line of reasoning is questioned in the paper.

The paper argues that the final value of an object-i.e., its value for its own sake-need not be intrinsic. Extrinsic final value, which accrues to things (or persons) in virtue of their relational rather than internal features, cannot be traced back to the intrinsic value of states that involve these things together with their relations. On the contrary, such states, insofar as they are valuable at all, derive their value from the things involved. The endeavour to reduce thing-values to state-values is largely motivated by a mistaken belief that appropriate responses to value must consist in preferring and/or promoting. A pluralist approach to value analysis obviates the need for reduction: the final value of a thing or person can be given an independent interpretation in terms of the appropriate thing- or person-oriented responses: admiration, love, respect, protection, care, cherishing, etc