Prof Richard Bradley LAK2.03

This course is available on the BSc in Philosophy, Politics and Economics. This course is not available as an outside option nor to General Course students.

Available only for 4th year students in the BSc. PPE.

Students must have completed Formal Methods of Philosophical Argumentation (PH104).

Students must have completed Microeconomic Principles I (EC201) or Microeconomic Principles II (EC202)

This course introduces the three main components of rational choice theory: individual decision theory (including probability theory), game theory and social choice theory. Students will become familiar with the kinds of problems and solution techniques (the logical/mathematical machinery) that characterise these areas of rational choice. The primary aim of the course, however, is to philosophically examine the theories in question. To this end we examine the basic assumptions underlying the dominant decision and social  choice models, and how these assumptions relate  to the role(s) these models are supposed to play in various areas of philosophy (e.g. philosophy of science and ethics) and in the social sciences.

15 hours of lectures and 10 hours of classes in the MT. 15 hours of lectures and 10 hours of classes in the LT.

Students will be expected to produce 2 essays and 2 problem sets in the MT and LT.

Richard Jeffrey, The Logic of Decision, Michael Resnik, Choices: an introduction to decision theory, Martin Peterson An Introduction to Decision Theory, Amartya Sen Collective Choice and Social Welfare, Duncan Luce and Howard Raiffa Games and Decisions, Wulf Gaertner A Primer in Social Choice Theory, Ken Binmore, Game Theory: A Very Short Introduction

Exam (100%, duration: 3 hours) in the summer exam period.

The exam will consist of three sections. Section A will contain short questions of a technical nature. Sections B and C will contain longer essay questions