I am convinced in full generality that being offered the option of a bet can only provide utility >= 0. So if the punch line is ‘insuficiently constrained rationality’ then yes, the joke is on me!
And yes, I suspect trying to get my head around that paper would (will) be rather costly! I’m a goddam programmer. :P
Plan B involves trying to use some nasty posterior inconsistency results, so don’t think you’re out of the woods yet.
I am convinced in full generality that being offered the option of a bet can only provide utility >= 0. So if the punch line is ‘insuficiently constrained rationality’ then yes, the joke is on me!
And yes, I suspect trying to get my head around that paper would (will) be rather costly! I’m a goddam programmer. :P