How do you construct utility without the VNM axioms?
I don’t yet. :) I have a few reason to think that it has a good chance of being possible, but it has not been done.
Okay. If you end up being successful, I would be quite interested to know about it. (A counterexample would also be interesting, actually probably more interesting since it is less expected.)
I don’t yet. :) I have a few reason to think that it has a good chance of being possible, but it has not been done.
Okay. If you end up being successful, I would be quite interested to know about it. (A counterexample would also be interesting, actually probably more interesting since it is less expected.)