Small Probabilities and High Stakes by Christian Tarsney - 9781009333030

Name: Small Probabilities and High Stakes by Christian Tarsney - 9781009333030
Brand: Cambridge University Press

Cambridge University Press

Small Probabilities and High StakesAuthor(s): Christian Tarsney\nFormat: Paperback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9781009333030, 978-1009333030\nSynopsis\nWhat 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. The final section considers practical implications, arguing that under real-world circumstances any view satisfying a minimal princi.