Teaching
Fall 2008
We often criticize one another's
decisions. People who spend their money at casinos are charged with
being ignorant, people who save too much are regarded as miserly,
people who chose unpleasant mates are fooling themselves, etc.
Sometimes this criticism is failure to recognize diversity – others
care about different things than we do – but other times we still
regard decisions as wrong even after we know what the decider values.
Implicitly judgments like this rely on a notion of “correct”
decision making, which will be the topic of our course.
This theory, as it has been developed
over many years, is now very detailed and complicated; it involves
significant mathematics. The theory is not without its critics
either, and we will review a few of those criticisms at the end of
the course. Ultimately, learning about this theory will help to tune
ones thinking about a variety of problems from gambling to investing
to one's romantic life.