Finding a good decision theory is hard. Previous attempts, such as Timeless Decision Theory, work, it seems, in providing a stable, effective decision theory, but are mathematically complicated. Simpler theories, like CDT or EDT, are much more intuitive, but have deep flaws. They fail at certain problems, and thus violate the maxim that rational agents should win. This makes them imperfect.
What’s wrong with expected utility maximization—or finite approximations thereof?
What’s wrong with expected utility maximization—or finite approximations thereof?