The Rational Wager: A Bayesian Resolution to Pascal's Wager
Introduction
Pascal's Wager has endured for centuries as one of the most intuitive arguments for religious belief: if God exists and you believe, you gain infinite reward (heaven); if God doesn't exist and you believe, you lose little (some wasted Sunday mornings). The expected utility of belief, Pascal argued, dominates non-belief when infinity enters the equation.
But this argument has a fatal flaw that becomes obvious once you try to act on it: which God should you wager on?
There are thousands of religions making mutually exclusive claims. Islam promises paradise for believers but threatens Christians with hellfire. Christianity does the reverse. Hinduism offers an entirely different framework. Each claims divine revelation, ancient texts, eyewitness testimony, and transformative personal experiences. By Pascal's logic, you must pick one and commit—but picking wrong might be worse than not playing at all.
More fundamentally: Pascal assumes we know what God values. He takes it as given that God rewards faith and punishes doubt. But what if he has it backwards? What if there exists a God who values evidence-based reasoning and judges those who believe without sufficient evidence?
I propose a framework that dissolves Pascal's Wager by using decision theory against itself. When we properly model the problem using Bayesian priors, account for all possible deity types, and consider what observable evidence actually tells us about the universe, a surprising conclusion emerges:
The rational strategy under uncertainty is evidence-based agnosticism—and if there is a God worth worrying about, this is exactly what they would want anyway.
This isn't an argument that God doesn't exist. It's an argument that the rational move is to proportion belief to evidence, and that this strategy dominates religious faith even when granting the possibility of infinite rewards.
Let me show you why.
Part 1: The Decision Tree
Let's start by mapping out all the scenarios we need to consider. Unlike Pascal, who only considered two options (God exists / God doesn't exist), we need to account for what type of God might exist, because different types demand different strategies.
Here's the complete decision tree:
Does God exist?
│
├─ NO → No afterlife consequences
│ Strategy: Maximize finite well-being through reason
│ Outcome: Optimal finite utility
│
└─ YES → What type of God?
│
├─ INDIFFERENT GOD (Deist watchmaker, non-interventionist)
│ → Doesn't care about human beliefs or actions
│ Strategy: Same as "No God" - maximize finite well-being
│ Outcome: God's indifference makes the question moot
│
├─ BAD/ARBITRARY GOD (Malevolent, capricious, or incoherent)
│ → Unpredictable preferences, possibly malicious
│ Strategy: Cannot optimize for arbitrary/unknowable preferences
│ Outcome: No reliable action improves your odds
│
└─ GOOD GOD (Benevolent, just, rational)
→ Values something we can identify and optimize for
Strategy: Determine what a good God would value
Outcome: This is the only scenario worth analyzing
Key insight #1: Three of these four branches lead to the same conclusion:
follow reason and maximize your finite well-being.
- If there's no God, reason is all you have
- If God is indifferent, your beliefs don't matter
- If God is bad/arbitrary, you can't predict what they want anyway
Key insight #2: The only scenario that changes your strategy is "Good God"—and this is where Pascal's Wager actually fails most dramatically.
What Would a Good God Value?
Pascal assumes a good God rewards faith—belief without evidence. But why would a good God design a universe that:
- Operates on consistent, discoverable natural laws that require reason and logic to navigate
- Provides no clear, differentiating evidence for any particular religion
- Punishes honest truth-seeking if that truth-seeking fails to land on the correct unprovable belief
- Rewards lucky guesses or cultural accidents of birth over intellectual integrity
This doesn't describe a good God. This describes a cosmic trap, or at best, a deeply unjust judge.
A genuinely good God—one who is rational, fair, and benevolent—would value:
- Intellectual honesty: Proportioning belief to evidence
- Epistemic virtue: Using reason and logic to navigate reality
- Moral integrity: Acting on the best available information rather than wishful thinking
In other words: A good God would reward exactly the reasoning process that leads to evidence-based agnosticism.
This is the recursive heart of the argument. The only divine scenario worth optimizing for selects for the very methodology that, in the absence of evidence, produces non-belief.
Part 2: The Many-Gods Problem
Now let's address why picking any specific religion is actually worse than remaining agnostic.
The Evidence Landscape
Every major religion offers essentially the same category of "evidence":
- Ancient texts (Bible, Quran, Vedas, Book of Mormon, etc.)
- Claims of eyewitness testimony (often written decades or centuries after alleged events)
- Personal transformation stories ("I was lost, then I found faith")
- Theological arguments (cosmological, teleological, ontological, etc.)
- Reports of miracles and answered prayers
The problem: None of this evidence differentiates between competing claims.
Muslims have the same quality of evidence for Islam that Christians have for Christianity. The Quran is textually better preserved than the New Testament. Hindu philosophy is more ancient. Mormon witnesses signed affidavits. Every religion has billions of sincere believers who report personal experiences.
If you use "ancient text + testimony + personal experience" as your standard of evidence, you must accept all religions—but they contradict each other, so you can't.
The Fragmentation Problem
Even worse: believers within the same religion cannot agree on interpretation.
Christianity alone has:
- Catholic vs. Protestant vs. Orthodox
- 45,000+ denominations with incompatible doctrines
- Endless disputes over biblical interpretation
- Theological controversies that have lasted centuries
If the text were clear divine communication, believers would converge.
Instead, we see exactly what we'd expect if the texts were human-authored documents subject to interpretation: massive fragmentation, cultural variation, and endless theological disputes.
This fragmentation is itself evidence against divine clarity and for human interpretation being the driving force.
The Strategic Calculation
Let's model this as a simple probability problem:
- Estimated number of religions humanity has practiced: ~4,000+
- Mutually exclusive claims: Most religions claim uniqueness of their path to salvation
- Your odds if you pick one at random: ~0.025% (1/4000)
- Your odds if you pick none and wait for evidence: Depends on what God values
If God values evidence-based reasoning (the only scenario worth optimizing for), then:
- Theist who believes without evidence: Wrong methodology + possibly wrong religion = compound error
- Evidentialist who withholds belief: Correct methodology + honest acknowledgment of uncertainty = defensible position
The evidentialist has strictly better odds than the arbitrary believer.
Part 3: The Bayesian Formalization
Now let's make this rigorous using Bayesian decision theory.
Setting Up the Problem
Bayesian decision theory requires three components:
- Prior probability P(H): Your initial belief that hypothesis H is true
- Likelihood P(E|H): The probability of observing evidence E given H
- Utility U: The value (finite or infinite) of each outcome
Let's define our hypotheses:
- H₁: No God exists
- H₂: A Rational God exists (values evidence-based reasoning)
- H₃: An Arbitrary God exists (values faith, or unknowable preferences)
Assigning Priors
In the absence of differentiating evidence, the only non-arbitrary approach is to assign roughly uniform priors:
P(H₁) ≈ P(H₂) ≈ P(H₃)
We cannot justify giving higher prior probability to any specific deity without evidence. Doing so would be circular reasoning (believing without evidence to justify believing without evidence).
Evaluating the Likelihood
Now consider our evidence E:
- The universe operates on consistent, discoverable natural laws
- These laws require reason and logic to understand and navigate
- There is no clear divine intervention or unambiguous revelation
- Reality rewards empirical investigation and evidence-based reasoning
What is the probability of observing this evidence under each hypothesis?
P(E | H₂: Rational God) = HIGH
- A God who values reason would create a universe demanding reason
- Consistent laws are exactly what we'd expect
- Non-interference allows genuine epistemic freedom
- The evidence strongly supports this hypothesis
P(E | H₃: Arbitrary God) = LOW
- A God who values blind faith would likely create a different universe
- We'd expect clear signs, miracles, or unambiguous revelation
- Consistent natural laws that reward skepticism seem unlikely
- The evidence contradicts this hypothesis
P(E | H₁: No God) = MODERATE
- Consistent natural laws are expected under naturalism
- But provides no explanation for why these particular laws
By Bayes' theorem, our observation of E should update our credences:
- P(H₂ | E) increases (Rational God hypothesis gains support)
- P(H₃ | E) decreases (Arbitrary God hypothesis loses support)
The Utility Matrix
Now let's consider the utility (reward/punishment) of our chosen action A: Live by evidence-based reasoning
| Scenario |
Prior P(H) |
Action: Reason-Based Living |
Expected Utility |
| No God (H₁) |
~0.33 |
Maximize finite well-being, live coherently |
Finite (optimal) |
| Rational God (H₂) |
~0.33 |
Rewarded for epistemic virtue |
Infinite |
| Arbitrary God (H₃) |
~0.33 |
Unknown/irrelevant preferences |
Finite (baseline) |
Compare this to the alternative action: Arbitrarily adopt religious belief
| Scenario |
Prior P(H) |
Action: Arbitrary Faith |
Expected Utility |
| No God (H₁) |
~0.33 |
Wasted effort, possible cognitive dissonance |
Finite (suboptimal) |
| Rational God (H₂) |
~0.33 |
Punished for epistemic vice |
Negative infinite |
| Arbitrary God (H₃) |
~0.33 |
~0.025% chance of guessing correctly |
Near zero |
The Dominant Strategy
Expected Utility of Reason-Based Living:
EU(Reason) = P(H₁) · U(finite) + P(H₂) · U(∞) + P(H₃) · U(finite)
Expected Utility of Arbitrary Faith:
EU(Faith) = P(H₁) · U(finite-suboptimal) + P(H₂) · U(-∞) + P(H₃) · U(≈0)
Reason dominates Faith because:
- When the only God worth optimizing for exists (H₂), Reason wins infinite utility
- When no God exists (H₁), Reason wins finite utility
- When an arbitrary God exists (H₃), neither strategy has reliable effect
Living by evidence-based reasoning is the dominant strategy across all scenarios.
Part 4: The Meta-Ethical Foundation (Euthyphro)
There's a common objection at this point: "But without God, how can you have morality? You need divine command to ground right and wrong, so you need faith after all!"
This objection attempts to rescue Pascal's Wager by claiming that reason alone is insufficient—that you need God for moral knowledge, and therefore need faith to access that knowledge.
But this objection fails due to a problem identified by Plato 2,400 years ago: The Euthyphro Dilemma.
The Dilemma
The question is simple: Is something good because God commands it, or does God command it because it is good?
Let's examine both horns:
Horn A: Good because God commands it (Pure Divine Command Theory)
If this is true, then morality is entirely arbitrary. God could command:
- "Torture innocent children for fun" → and it would be morally good
- "Lying is virtuous, honesty is evil" → and it would be true
- "2+2=5" → and it would be mathematically correct
Under this horn:
- There is no standard of goodness independent of God's commands
- God's commands could be anything at all
- The phrase "good God" becomes meaningless because "good" just means "whatever God happens to command"
This horn undermines Pascal's Wager entirely. If morality is arbitrary, then:
- We cannot determine if God is "good" or "bad" (these categories collapse)
- We're back in the "Arbitrary God" branch of the decision tree
- There's no reliable way to optimize behavior
- We should revert to: maximize finite well-being through reason
Horn B: God commands it because it is good (Independent Moral Standards)
If this is true, then:
- Goodness exists independently of God's commands
- God recognizes and enforces a pre-existing moral standard
- This standard is, in principle, accessible through reason
Under this horn:
- A "good God" means one who aligns with rational moral principles
- We can evaluate whether alleged divine commands are actually good
- Reason becomes the filter through which we evaluate religious claims
- Morality is grounded in something other than divine commands (rationality, well-being, logical consistency, etc.)
This horn supports our framework. If moral truth is independent and accessible through reason, then:
- We don't need faith to access moral knowledge
- We need reason to determine what's actually moral
- A good God would align with rational moral principles
- Therefore, a good God would value the reasoning capacity that discovers these principles
The Sovereignty of Reason
Here's the devastating conclusion: Either way, reason is epistemically prior to faith.
If Horn A is true: Morality is arbitrary, "good God" is meaningless, and we're back to evidence-based agnosticism as the dominant strategy.
If Horn B is true: Morality is rational and independent, which means we can discover it without divine revelation, and any alleged divine command must pass through the filter of rational evaluation.
This means that even if God exists and issues commands, you need reason to evaluate whether:
- The command is genuinely from God (vs. human invention, delusion, or misinterpretation)
- The command is from a good God (vs. a malevolent entity pretending to be good)
- Your interpretation of the command is correct (given that co-religionists disagree)
The Practical Implication
Consider what happens when someone claims divine revelation:
Religious believer: "God commands X"
Rational evaluator: "How do I know this is from God and not your interpretation? How do I know it's from a good God? Does this command align with rational moral principles?"
If the command aligns with reason → it's redundant (you could derive it rationally anyway)
If the command contradicts reason → you should reject it (because either it's not from God, not from a good God, or your interpretation is wrong)
Either way, reason is the sovereign filter.
You cannot escape the need for reason by appealing to divine command. You need reason to determine if the divine command is legitimate in the first place.
Part 5: The Inverse Wager
Now we arrive at the killer application—the moment where we use Pascal's own logic against him to show that the atheist/agnostic position is actually safer than arbitrary belief.
Pascal's Original Wager
Pascal's argument was essentially:
- Believe in God: If right → infinite reward. If wrong → small finite cost
- Don't believe: If wrong → infinite punishment. If right → small finite gain
- Conclusion: Belief dominates non-belief
The Reversal
But Pascal assumed God rewards faith. What if he has it backwards?
Consider this equally plausible scenario:
The Rational Deity Hypothesis:
- Heaven exists, Hell exists
- The criterion for Heaven: Intellectual integrity—believing only what evidence supports
- The criterion for Hell: Epistemic vice—believing without sufficient evidence
Under this hypothesis:
- The atheist/agnostic who withholds belief due to insufficient evidence → Heaven
- The theist who believes without adequate evidence → Hell
Why Is This Equally Plausible?
Given what we observe about the universe:
- Consistent natural laws that reward empirical investigation
- No clear, unambiguous divine revelation that would make faith unnecessary
- Contradictory religious claims that make arbitrary selection epistemically irresponsible
- The success of science and reason in understanding reality
A deity who designed this universe seems to value:
- Evidence-gathering
- Logical reasoning
- Intellectual honesty
- Epistemic humility
A Rational Deity is at least as probable as Pascal's Faith-Demanding Deity.
The Strategic Comparison
Let's compare the risk profiles:
Position: Evidence-Based Agnosticism
- If Rational Deity exists: ✓ Heaven (rewarded for intellectual integrity)
- If Faith-Based Deity exists: ✗ Hell (but you had no way to identify the correct faith)
- If No God: ✓ Lived a coherent, reason-based life
Position: Arbitrary Religious Faith (e.g., Christianity)
- If Rational Deity exists: ✗ Hell (punished for believing without evidence)
- If Christian God exists: ✓ Heaven (but only ~0.025% chance you picked the right religion)
- If Muslim God exists: ✗ Hell (wrong religion)
- If Hindu Gods exist: ✗ Hell/Reincarnation penalty (wrong framework entirely)
- If No God: Lived with cognitive dissonance, possibly harmful dogma
The Math
Assuming equal probability for various deity types (given no differentiating evidence):
Expected value for Evidentialist:
- High probability of optimal outcome if any "good" deity exists
- Optimal outcome if no deity exists
- Only loses if an arbitrary/faith-based deity exists AND you couldn't have identified which one anyway
Expected value for Arbitrary Believer:
- ~0.025% chance of optimal outcome (if you guessed the right religion)
- ~99.975% chance of suboptimal outcome (wrong religion or wrong criterion)
- Actively punished if Rational Deity exists
The evidentialist position has strictly better expected value.
The Compounding Problem
It gets worse for the arbitrary believer:
Not only did they pick one religion out of thousands without evidence, but:
- They picked a specific denomination (Catholic? Protestant? Which of 45,000?)
- They picked a specific interpretation (literal? metaphorical?)
- They picked specific doctrines (Trinity? Sola fide? Transubstantiation?)
Each additional arbitrary choice compounds the error.
The evidentialist makes zero arbitrary choices. They simply say: "Show me evidence, and I'll proportion my belief accordingly."
The Recursive Justification
Here's the beautiful recursion at the heart of this argument:
- The only God worth optimizing for is a good/rational God
- A good/rational God would value evidence-based reasoning
- Evidence-based reasoning, applied to the question of God's existence, yields agnosticism (given current evidence)
- Therefore, the very reasoning that a good God would reward leads to non-belief in the absence of evidence
- This means agnosticism is self-justifying if the only scenario that matters (good God) is true
The method selects for itself.
Part 6: The "Faith Itself" Objection and Its Collapse
A sophisticated objection might attempt to escape the Many-Gods Problem by broadening the criterion: "God doesn't care which religion you pick—He just wants you to have faith itself. Any sincere faith in any deity counts." This sounds reasonable at first, but it leads to a catastrophic logical implosion.
The Objection
The theist might argue: "You're overcomplicating this. God isn't testing whether you picked the correct religion from 4,000 options. He's testing whether you have the virtue of faith—the willingness to believe without complete evidence. Any sincere faith in any conception of the divine is acceptable."
This appears to solve the Many-Gods Problem by making all faiths equally valid. The Christian, the Muslim, the Hindu—all pass the test because they all have faith. Only the evidentialist fails.
The First Problem: Arbitrary God Redux
If "faith itself" is the criterion regardless of the object of faith, then God's moral character becomes irrelevant to salvation.
Consider what this means:
- Faith in a benevolent creator God → Heaven ✓
- Faith in Allah → Heaven ✓
- Faith in Vishnu → Heaven ✓
- Faith in a child-murdering demon god → Heaven ✓
- Faith in a deity who demands human sacrifice → Heaven ✓
- Faith in a god who rewards rape and torture → Heaven ✓
If God rewards "faith itself" regardless of what you have faith in, then He doesn't care about:
- Truth-seeking
- Moral discernment
- Rational evaluation
- The moral content of beliefs
He's rewarding gullibility as a standalone virtue, divorced from truth or morality.
A God who rewards faith in evil deities is, by definition, an Arbitrary God. He doesn't care about moral content, only about the psychological act of believing without evidence. This collapses "Good God" into "Arbitrary God," and we've already shown that Arbitrary God scenarios lead back to: use reason, maximize finite well-being.
The Second Problem: Good God Becomes Incoherent
For God to be good (the only scenario worth optimizing for in our decision tree), He must care about:
- Justice
- Truth
- Moral character
- The content of beliefs, not just the act of believing
A good God would NOT reward faith in evil deities. If He does, then "good" becomes meaningless—it's just a label we apply to God without any actual moral content.
The objection creates a dilemma:
Option A: God doesn't care about morality
- → Then God is not good
- → We're back in the Arbitrary God branch
- → Strategy: use reason, can't optimize for arbitrary preferences
Option B: God cares about faith MORE than morality
- → Moral monsters who believe go to heaven
- → Moral saints who require evidence go to hell
- → This is not a "good" God by any reasonable definition
- → Again, we're in Arbitrary God territory
The "faith itself" objection doesn't save Pascal's Wager—it destroys the coherence of "Good God" and collapses everything into the Arbitrary God scenario, which we've already addressed.
The Third Problem: Heaven Becomes Undefined
But here's where the objection truly collapses: If God doesn't care about belief content (just that you believe), then He also doesn't care about your conception of Heaven.
Consider the logical chain:
- Premise: God rewards "faith itself" regardless of content
- Observation: Your concept of Heaven is belief content
- Conclusion: God doesn't validate your conception of Heaven
- Result: You have no reason to believe Heaven is what you think it is
If the content of religious belief is irrelevant to salvation, it's also irrelevant to the nature of the afterlife.
What This Means in Practice
| Believer Type |
Expected Heaven |
Actual Possibility Under "Faith Itself" |
| Christian |
Eternal worship of Yahweh, reunion with loved ones |
Might be Islamic paradise, Hindu reincarnation, Buddhist Nirvana (cessation), Valhalla (eternal battle), or something unimaginable |
| Muslim |
Jannah with its specific descriptions |
Might be Christian Heaven, Norse afterlife, or complete dissolution of self |
| Buddhist |
Nirvana (peaceful cessation of desire/self) |
Might be eternal conscious existence—which to a Buddhist would be torture |
| Hindu |
Liberation from samsara, union with Brahman |
Might be eternal individual existence in monotheistic heaven |
The devastating implication: You might "win" the wager and "go to Heaven," but Heaven might be:
- Nothing like you imagined
- Incompatible with your values and desires
- Literally the opposite of what you believed
- What another religion would call "Hell"
The Infinite Regress
When pressed, the theist faces an impossible choice:
Theist: "God rewards faith, so I'll have faith to get Heaven."
Response: "But if God doesn't care WHAT you believe, why would Heaven be what you think?"
Theist: "Because my religion says so."
Response: "But you just argued that God doesn't care about your religion's content—that's your entire argument for why all faiths work. You can't have it both ways."
Theist: "Well... I have faith that Heaven is as described."
Response: "You're having faith in a description from a source you've admitted God doesn't validate. That's circular reasoning."
The theist must either:
- Admit their religion's content matters (contradicting the "faith itself" escape)
- Admit they don't know what Heaven is (making the wager meaningless)
- Special plead that their religion is true about Heaven but God accepts all faiths (logical contradiction)
Pascal's Wager Requires Known Payoffs
For any wager to be rational, you need:
- Known criterion (what determines the outcome)
- Known payoff (what you receive if you "win")
- Logical connection between criterion and payoff
The "faith itself" objection breaks requirement #3:
- If God ignores belief content for the criterion (faith itself counts)...
- Then God must ignore belief content for the payoff (your Heaven conception)...
- Then your Heaven might be someone else's Hell...
- Then you're betting on an unknown and potentially undesirable outcome
You're not making Pascal's Wager anymore—you're buying a mystery box with infinite stakes.
A rational agent doesn't wager infinite costs on unknown, potentially undesirable outcomes that might contradict their deepest values and desires.
Back to the Framework
The "faith itself" objection doesn't rescue the theist—it makes their position worse:
- It collapses Good God into Arbitrary God (by making moral content irrelevant)
- It makes Heaven undefined (your conception comes from content God ignores)
- It makes the wager meaningless (unknown payoff, possibly undesirable)
- Therefore: We're back to evidence-based reasoning as the dominant strategy
The evidentialist position remains unchanged and strengthened:
- If God is good and rational → He values evidence-based reasoning → evidentialist wins
- If God is arbitrary → Can't optimize for unknowable preferences → use reason for finite well-being
- If God accepts "faith itself" but Heaven is undefined → Wager becomes irrational → use reason
- If no God → Use reason
Every path leads to the same conclusion: evidence-based reasoning is the dominant strategy. The "faith itself" objection doesn't open a new path—it just adds another route to the same destination.
Conclusion: The Rational Default
Let's summarize the complete framework:
The Decision Tree showed:
- Only "Good God" scenario matters for decision-making
- All other scenarios converge on: use reason, maximize finite well-being
The Many-Gods Problem showed:
- No differentiating evidence between religions
- Picking one arbitrarily is worse than withholding judgment
- Internal disagreement undermines claims of clear divine communication
The Bayesian Analysis showed:
- Uniform priors absent evidence
- Observable evidence (natural laws) favors Rational God over Arbitrary God
- Expected utility maximized by evidence-based reasoning
The Euthyphro Dilemma showed:
- Either morality is arbitrary (undermining "good God" concept)
- Or morality is independent (accessible through reason without faith)
- Either way, reason is epistemically prior to divine command
The Inverse Wager showed:
- Rational Deity hypothesis is at least as plausible as Faith-Based Deity
- Evidence-based agnosticism has better expected value than arbitrary belief
- The methodology that leads to agnosticism is itself what would be rewarded
The Complete Solution
This framework doesn't claim to prove God doesn't exist. It shows something more subtle and more useful:
Given our current evidence, evidence-based agnosticism is:
- Epistemically rational (proportioning belief to evidence)
- Strategically dominant (maximizes expected utility across all scenarios)
- Self-justifying (the only God worth worrying about would reward this approach)
- Stable (requires no action unless new evidence emerges)
The problem is "solved" in the sense that we have a defensible, rational position that requires no revision unless the evidence landscape changes.
The rational default is: withhold belief until evidence warrants otherwise.
And if there is a God—a genuinely good, rational, just God—then presenting yourself with "I followed the evidence, and there wasn't enough to justify belief" is the most defensible position possible. You cannot be accused of:
- Intellectual dishonesty
- Tribalism or cultural bias
- Wishful thinking
- Epistemic irresponsibility
You simply did what any rational agent should do: proportioned belief to evidence.
Open Questions for Discussion
I'm curious about potential weaknesses or extensions:
- What's the strongest objection to this framework? Where does it fail or need refinement?
- Is there a scenario where arbitrary faith beats evidence-based reasoning? Can you construct a coherent God-type that would make Pascal's original wager work?
- How does this compare to existing Bayesian treatments? I'm aware of Hájek's work and others—what am I missing from the literature?
- What evidence would shift the priors? What would constitute sufficient evidence to move from agnosticism to belief?
- Does this framework extend to other domains? Are there non-religious applications of this decision-theoretic approach?
I'm genuinely interested in critiques and refinements. If there's a hole in this argument, I want to find it.