Learning the Value of Value Learning

Abstract: Standard decision frameworks addresses uncertainty about facts but assumes fixed values. We extend the Jeffrey-Bolker framework to model refinements in values and prove a value-of-information theorem for axiological refinement. In multi-agent settings, we establish that mutual refinement will characteristically transform zero-sum games into positive-sum interactions and yields Pareto-improving Nash bargains. These results show that a framework of rational choice can be extended to model value refinement and its associated benefits. By unifying epistemic and axiological refinement under a single formalism, we broaden the conceptual foundations of rational choice and illuminate the normative status of ethical deliberation.