Neth, Sven (2023) Rational Aversion to Information. [Preprint]
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Abstract
Is more information always better? Or are there some situations in which more information can make us worse off? Good (1966) argues that expected utility maximizers should always accept more information if the information is cost-free and relevant. But Good's argument presupposes that you are certain you will update by conditionalization. If we relax this assumption and allow agents to be uncertain about updating, these agents can be rationally required to reject free and relevant information. Since there are good reasons to be uncertain about updating, rationality can require you to prefer ignorance.
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| Item Type: | Preprint | ||||||
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| Additional Information: | Accepted in The British Journal for the Philosophy of Science | ||||||
| Keywords: | Value of Information, Decision Theory, Bayesian Epistemology, Probability | ||||||
| Subjects: | General Issues > Decision Theory Specific Sciences > Economics General Issues > Evidence Specific Sciences > Cognitive Science > Learning and Memory General Issues > Models and Idealization Specific Sciences > Probability/Statistics |
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| Depositing User: | Sven Neth | ||||||
| Date Deposited: | 12 Sep 2023 19:53 | ||||||
| Last Modified: | 12 Sep 2023 19:53 | ||||||
| Item ID: | 22540 | ||||||
| Subjects: | General Issues > Decision Theory Specific Sciences > Economics General Issues > Evidence Specific Sciences > Cognitive Science > Learning and Memory General Issues > Models and Idealization Specific Sciences > Probability/Statistics |
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| Date: | September 2023 | ||||||
| URI: | https://philsci-archive.pitt.edu/id/eprint/22540 |
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Rational Aversion to Information. (deposited 08 Sep 2023 20:45)
- Rational Aversion to Information. (deposited 12 Sep 2023 19:53) [Currently Displayed]
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