I’d say that ua=ub always “looks like ua=ub”, in the sense that there is a continuity in the overall U(W); small changes to our knowledge of ua and ub make small changes to our estimate of U(W).
I’m not really sure what stronger condition you could want; after all, when ua=ub, we can always write
…+γnuz+γn+1ua+γn+2ub+γn+3uc+…
as:
…+γnuz+γn+1+γn+22(ua+ub)+γn+3uc+….
We could equivalently define U(W) that way, in fact (it generalises to larger sets of equal utilities).
Hum, not entirely sure what you’re getting at...
I’d say that ua=ub always “looks like ua=ub”, in the sense that there is a continuity in the overall U(W); small changes to our knowledge of ua and ub make small changes to our estimate of U(W).
I’m not really sure what stronger condition you could want; after all, when ua=ub, we can always write
…+γnuz+γn+1ua+γn+2ub+γn+3uc+…
as:
…+γnuz+γn+1+γn+22(ua+ub)+γn+3uc+….
We could equivalently define U(W) that way, in fact (it generalises to larger sets of equal utilities).
Would that formulation help?