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Taking Risks on Behalf of Another

Bibliographic Data

ID4079555
AuthorsJ Thomas (0000-0003-3933-1264), Johanna Thoma (0000-0002-1364-4521, London School of Economics and Political Science, corresponding author)
Year2023
Volume18
Issue3
Publication date2023-03-01
Open AccessYes
TypeARTICLE
VenuePhilosophy Compass (JOURNAL)
Journal identifiersISSN: 1747-9991 • E-ISSN: 1747-9991
PublisherWiley (PUBLISHER • GB)
DOI10.1111/phc3.12898
OpenAlexW4318320717
LanguageEN
Citations received7
References cited49

A growing number of decision theorists have, in recent years, defended the view that rationality is permissive under risk: Different rational agents may be more or less risk-averse or risk-inclined. This can result in them making different choices under risk even if they value outcomes in exactly the same way. One pressing question that arises once we grant such permissiveness is what attitude to risk we should implement when choosing on behalf of other people. Are we permitted to implement any of the rationally permissible risk attitudes, is there some specific risk attitude that is required when choosing for others, or are we required to defer to the risk attitudes of the people on whose behalf we are choosing? This article elaborates on this question, explains its wider practical and theoretical significance, provides an overview of existing answers, and explores how to go about providing a more systematic account of how to choose on behalf of others in risky contexts

Actuarial science · Business · Economics · Epistemology · Permissive · Positive economics · Rationality · Risk analysis (engineering · Value (mathematics · Computer Science · Epistemology, Ethics, and Metaphysics · Free Will and Agency · Medicine · Philosophy · Psychology · Risk Perception and Management · Social Psychology

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  • Risk and Rationality

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  • Qalys

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  • Le Comportement de l'Homme Rationnel devant le Risque

    M Allais•Econometrica•1953

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    Open Access•John Quiggin•Journal of Economic Behavior &…•1982

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  • Risk Attitudes and Social Choice

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  • Rank-Weighted Utilitarianism and the Veil of Ignorance

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  • Decision making for others involving risk

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    Madeleine Hayenhjelm•Journal of Risk Research•2006

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    Open Access•H Orri Stefánsson•Synthese•2021

  • The intrinsic value of risky prospects

    Open Access•Zeev Goldschmidt, Ittay Nissan-Rozen•Synthese•2021

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    Open Access•David Hawkins•Philosophy of Science•1945

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Citations per year1.75
Citation span2022 - 2026 (5)
Highly citedNo

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