I’m pretty sure that the idea of the previous two paragraphs has been talked about before, but I can’t find where.
On LessWrong: VNM expected utility theory: uses, abuses, and interpretation (shameless self-citation ;)
On Wikipedia: Limitations of the VNM utility theorem
Thanks!
On LessWrong: VNM expected utility theory: uses, abuses, and interpretation (shameless self-citation ;)
On Wikipedia: Limitations of the VNM utility theorem
Thanks!