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A unified theory of risk

Bibliographic Data

ID4351809
AuthorsJaakko Hirvelä (0000-0002-0036-0378, University of Helsinki, corresponding author), Niall J Paterson (0000-0003-1178-0463, University of Helsinki)
Year2024
Publication date2024-10-30
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Philosophical Quarterly (JOURNAL)
Journal identifiersISSN: 0031-8094 • E-ISSN: 1467-9213
PublisherOxford University Press (PUBLISHER • GB)
DOI10.1093/pq/pqae131
OpenAlexW4403922037
LanguageEN
Citations received2
References cited33

A novel theory of comparative risk is developed and defended. Extant theories are criticized for failing the tests of extensional and formal adequacy. A unified diagnosis is proposed: extant theories consider risk to be a univariable function, but risk is a multivariate function. According to the theory proposed, which we call the unified theory of risk, the riskiness of a proposition is a function of both the proportion and the modal closeness of the possible worlds at which the proposition holds. It is argued the theory passes the tests of extensional and formal adequacy

Epistemology · Computer Science · Decision-Making and Behavioral Economics · Epistemology, Ethics, and Metaphysics · Philosophy

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Unique citing works2
Citations per year2
Citation span2025 - 2026 (2)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 2

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