PHIL 105 Lecture Notes - Lecture 12: Decision Theory, Expected Utility Hypothesis, Shoplifting

• School: Simon Fraser University
• Department: Philosophy
• Course: PHIL 105
• Professor: Jonathan Katz

Document Summary

Disjunctive event: probability of getting one or the other. 2 outcomes are mutually exclusively, both can"t occur at the same time. Chance of getting a king= 4/52, chance of getting a heart= 1/4, but there is also a king that is a heart Event a does not change the effect of the 2nd event. Ex: you hold: a , 5 ,6 ,8 and 7 . To make this hand better, we can either throw away the 7 and try to get a 7. Or take away a and try to get a 4or 9 of any class. It is 4/47 because we already have 4 cards in our hand. You know the possibility of each of the outcome. You know what is certain given the outcomes. If you move to winnipeg, it is certain that it"ll be cold vs. if i get caught shoplifting, there"s 70% chance i go to jail.