Journal of Institutional and Theoretical Economics, March 2014, Forthcoming
13 Pages Posted: 28 Jan 2014
Date Written: January 28, 2014
Decisions about intervention can be understood as decisions about tolerance, because an act of tolerance is an act of nonintervention, and, conversely, an act of intervention can be understood as an act of intolerance. But decision to tolerate, typically performed under conditions of epistemic uncertainty, may turn out to have been mistaken, just as acts of intolerance, also typically performed under conditions of epistemic uncertainty, may also turn out to have been mistaken. And thus we can see the decision to tolerate or not as a decision-theoretic problem, susceptible to modeling with the familiar tools of decision theory.
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