A parliament that can make indefinitely binding contracts turns into a VNM-rational agent. But a parliament that can’t make binding contracts might always diversify.
If the parliament consists of UDT agents then effectively it can make binding contracts.
A parliament that can make indefinitely binding contracts turns into a VNM-rational agent. But a parliament that can’t make binding contracts might always diversify.
If the parliament consists of UDT agents then effectively it can make binding contracts.