See my reply to ricraz’s comment for my thoughts on using VNM utility theorem in general. The use you suggest could work, but if we lean on VNM then the hard part of the problem is backing out the agent’s internal probabilistic model.
IRL is about this, but the key difference is that it black-boxes the agent. It doesn’t know what the agent’s internal governing equations look like, it just sees the outputs.
See my reply to ricraz’s comment for my thoughts on using VNM utility theorem in general. The use you suggest could work, but if we lean on VNM then the hard part of the problem is backing out the agent’s internal probabilistic model.
IRL is about this, but the key difference is that it black-boxes the agent. It doesn’t know what the agent’s internal governing equations look like, it just sees the outputs.