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Rational Choice In the past century, philosophers and social scientists have given theories of individual and interactive decision making a rigorous foundation. Indeed, contemporary decision and game theory have revolutionized our understanding of rational choice in ways that parallel the concurrent revolution in philosophical logic. Carnegie Mellon's philosophy department is recognized as one of the foremost departments in the world in decision and game theory. Primary research at Carnegie Mellon in decision and game theory focuses on the foundations of Bayesian decision theory, interactive knowledge concepts and their applications in game theory and equilibrium selection in games. Decision theory is motivated to a large extent by the consequentialist, and especially the utilitarian, traditions in moral philosophy. To bring about the best consequences, one must know what they are. From the beginning, both critics and defenders of moral consequentialism raised skeptical doubts about the possibility of ever deriving a satisfactory procedure for...

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