Can the Normic de minimis Expected Utility Theory save the de minimis Principle?

Erkenntnis 90 (3):1255-1263 (2023)
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Abstract

Recently, Martin Smith defended a view he called the “normic de minimis expected utility theory”. The basic idea is to integrate a ‘normic’ version of the de minimis principle into an expected utility-based decision theoretical framework. According to the de minimis principle some risks are so small (falling below a threshold) that they can be ignored. While this threshold standardly is defined in terms of some probability, the normic conception of de minimis defines this threshold in terms of abnormality. In this article, we present three independent arguments against the normic de minimis expected utility theory, focusing on its reliance on the de minimis principle.

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reprint Lundgren, Björn; Stefánsson, H. Orri (2025) "Can the Normic de minimis Expected Utility Theory save the de minimis Principle?". Erkenntnis 90(3):

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Author Profiles

H. Orri Stefansson
Stockholm University
Björn Lundgren
Universität Erlangen-Nürnberg

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References found in this work

Varieties of Risk.Philip A. Ebert, Martin Smith & Ian Durbach - 2020 - Philosophy and Phenomenological Research 101 (2):432-455.
Fair Chance and Modal Consequentialism.H. Orri Stefánsson - 2015 - Economics and Philosophy 31 (3):371-395.
Can a knowledge threshold save the de minimis principle?H. Orri Stefansson & Björn Lundgren - 2022 - Proceedings of the Institution of Mechanical Engineers, Part O: Journal of Risk and Reliability 236 (6):1164-1167.

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