This post is partially motivated by a comment I made on AnnaSalamon’spost about alternatives to VNM. There I wanted to consider not just decision rule alternatives to vNM, but also decision framework alternatives to vNM. I hope that this post helps demonstrate that there can be value in thinking about the underlying frameworks we use.
This post is partially motivated by a comment I made on AnnaSalamon’s post about alternatives to VNM. There I wanted to consider not just decision rule alternatives to vNM, but also decision framework alternatives to vNM. I hope that this post helps demonstrate that there can be value in thinking about the underlying frameworks we use.