Fundamental Uncertainty and Values

Daniele Chiffi*, Ahti Veikko Pietarinen

*Corresponding author for this work

Research output: Contribution to journalJournal articlepeer-review

20 Citations (Scopus)

Abstract

This paper explores the intertwining of uncertainty and values. We consider an important but underexplored field of fundamental uncertainty and values in decision-making. Some proposed methodologies to deal with fundamental uncertainty have included potential surprise theory, scenario planning and hypothetical retrospection. We focus on the principle of uncertainty transduction in hypothetical retrospection as an illustrative case of how values interact with fundamental uncertainty. We show that while uncertainty transduction appears intuitive in decision contexts it nevertheless fails in important ranges of strategic game-theoretic cases. The methodological reasons behind the failure are then examined.

Original languageEnglish
Pages (from-to)1027-1037
Number of pages11
JournalPhilosophia (United States)
Volume45
Issue number3
DOIs
Publication statusPublished - Sept 2017

Scopus Subject Areas

  • Philosophy

User-Defined Keywords

  • Fundamental uncertainty
  • Game theory
  • Hypothetical retrospection
  • Uncertainty transduction
  • Values

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