A Normative Interpretation of Expected Utility Theory

Cave, Eric
December 2005
Journal of Value Inquiry;Dec2005, Vol. 39 Issue 3/4, p431
Academic Journal
The article provides a normative interpretation of expected utility theory, a concept about preferences over states of affairs regarded as the outcomes of actions. It reveals that the theory can both serve as a theory of rationale and practical reasoning according to the assumptions of some philosophers. It cites a discussion by Simon Blackburn which concludes that theory cannot serve as a theory of rationale.


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