I haven’t read all of this post or the one it’s a response to, but it looks like one could resolve the confusion here by talking explicitly about either “risk aversion with respect to outcome measures” or “risk aversion with respect to utility itself”.
I haven’t read all of this post or the one it’s a response to, but it looks like one could resolve the confusion here by talking explicitly about either “risk aversion with respect to outcome measures” or “risk aversion with respect to utility itself”.