Introduction

In this lecture we consider decision theory, an attempt to provide a mathematical characterisation of rational behaviour.

• slides only

Notes

This lecture depends on you having studied some sections from a previous lecture:

• Goal-Directed and Habitual Processes

For the minimum course of study, consider only these sections:

• Expected Utility
• What Are Preferences?
• Dual Process Theory Opposes Decision Theory?

Alternatively, if you have more time but not enough for everything, skip Dual Process Theory Opposes Decision Theory? and study the other sections.

There is a bit more than usual to cover this week, which will be hard if this is your first encounter with decision theory.

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More information about asking questions.

Glossary

References