About the post linked, mostly agree, but I don’t see the need to move away from utility maximisation as a framework. We just have a piss poor description of the utility function. “I enjoy being like that rich and successful dude” is a value.
I don’t think so. How about if what people want depends on the current weather, or if people end up wanting whatever they were able to get in the past?
Seems a restrictive definition of “utility function”. It can have the weather as one of its inputs. It can have state (because really, that only means its input is not just the present but the whole past trajectory).
“Function” is an incredibly broad mathematical term.
About the post linked, mostly agree, but I don’t see the need to move away from utility maximisation as a framework. We just have a piss poor description of the utility function. “I enjoy being like that rich and successful dude” is a value.
I don’t think so. How about if what people want depends on the current weather, or if people end up wanting whatever they were able to get in the past?
Seems a restrictive definition of “utility function”. It can have the weather as one of its inputs. It can have state (because really, that only means its input is not just the present but the whole past trajectory).
“Function” is an incredibly broad mathematical term.