That policy, if it exists, need not be Pareto.
The policy was constructed as optimizing a weighted sum of utilities, so it’s Pareto efficient, but the uniqueness argument and intuition for reasonableness was based on a sign error.
That policy, if it exists, need not be Pareto.
The policy was constructed as optimizing a weighted sum of utilities, so it’s Pareto efficient, but the uniqueness argument and intuition for reasonableness was based on a sign error.