Small Probabilities And High Stakes

[Farid-Khan]

? Pages: 84

? INFO: English | 2026 | ISBN: 1009571605 | 84 Pages | PDF (True) | 1.2 MB

[color=#888888]? DESCRIPTION: What price should you be willing to pay for a tiny probability of an astronomically large gain, or to avoid a tiny probability of an astronomically large loss? Should you be willing to pay any finite price, if the potential gains or losses are large enough? Fanaticism says you should, while anti-fanaticism says you should not. Focusing on morally motivated decision-making, this Element explores arguments for and against both positions, ultimately defending the intermediate view that rationality permits a range of dispositions toward extreme risks, while ruling out the most comprehensive forms of both fanaticism and anti-fanaticism.

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