My current take is that we don’t have good formalisms for consequentialist goal-directed systems that are weaker than expected utility maximization, and therefore don’t really know how to reason about them. I think this is main cause of overemphasis on EUM.
For example, completeness as stated in the VNM assumptions is actually a really strong property. Aumann wrote a paper on removing completeness, but the utility function is no longer unique.
My current take is that we don’t have good formalisms for consequentialist goal-directed systems that are weaker than expected utility maximization, and therefore don’t really know how to reason about them. I think this is main cause of overemphasis on EUM.
For example, completeness as stated in the VNM assumptions is actually a really strong property. Aumann wrote a paper on removing completeness, but the utility function is no longer unique.