Taboo utils. Tell me the offer in terms of my own preferences instead. A utility function is mathematically equivalent to a VNM-consistent agent’s preferences, so this should be fine. And the preferences are the underlying physical thing, not “utils”.
I think we throw the word “utils” around far too much here without actually intuiting what it means to be talking about a scale-invariant difference of two values of a function that translates from preferences over lotteries to the reals.
Taboo utils. Tell me the offer in terms of my own preferences instead. A utility function is mathematically equivalent to a VNM-consistent agent’s preferences, so this should be fine. And the preferences are the underlying physical thing, not “utils”.
I think we throw the word “utils” around far too much here without actually intuiting what it means to be talking about a scale-invariant difference of two values of a function that translates from preferences over lotteries to the reals.