What if, depending on other circumstances(say the flip of a fair coin), your utility function can take values in either a finite(if heads) or infinite(if tails) interval?
Would that entire situation be bounded, unbounded, neither, or is my previous question ill posed?
I don’t understand what you mean by “utility bound”. A bounded utility function is just a function which takes values in a finite interval.
Let me try rephrasing this a bit.
What if, depending on other circumstances(say the flip of a fair coin), your utility function can take values in either a finite(if heads) or infinite(if tails) interval?
Would that entire situation be bounded, unbounded, neither, or is my previous question ill posed?