No Escape from Allais: Reply to Buchak

Philosophical Studies, 2020, 177(9): 2493–2500

In Risk & Rationality, Buchak (2013) advertises REU theory as able to recover the modal preferences in the Allais paradox. In our (2017) however, we pointed out that REU theory only applies in the “grand world” setting, where it actually struggles with the modal Allais preferences. Buchak (2017) offers two replies. Here we enumerate a variety of technical and philosophical problems with each.