Success-First Decision Theories [chapter]

Preston Greene
2018 Newcomb's Problem  
In Arif Ahmed, editor, Newcomb's Problem, pages 115-137. Cambridge University Press, 2018. 0 Abstract The standard formulation of Newcomb's problem compares evidential and causal conceptions of expected utility, with those maximizing evidential expected utility tending to end up far richer. Thus, in a world in which agents face Newcomb problems, the evidential decision theorist might ask the causal decision theorist: "if you're so smart, why ain'cha rich?" Ultimately, however, the expected
more » ... s of evidential decision theorists in Newcomb problems do not vindicate their theory, because their success does not generalize. Consider a theory that allows the agents who employ it to end up rich in worlds containing Newcomb problems and continues to outperform in other cases. This type of theory, which I call a "success-first" decision theory, is motivated by the desire to draw a tighter connection between rationality and success, rather than to support any particular account of expected utility. The primary aim of this paper is to provide a comprehensive justification of success-first decision theories as accounts of rational decision. I locate this justification in an experimental approach to decision theory supported by the aims of methodological naturalism.
doi:10.1017/9781316847893.007 fatcat:x6kunwdzozb57k73cebqa2yepi