No luck. You should write everything in math, specifying types (domains/codomains) of all functions/random variables. It’ll really be easier, and the confusion (mine or yours) will be instantly resolved.
Ah, I think I found it. I took V to have a codomain in utilons in your example (that was my interpretation of “V is a random variable that depends only on u”).
Reinterpreting the subsequent comments in that context, I can see that I was responding to “formally equivalent” in the original comment as if it meant “expected utility maximization of the traditional sort, where each outcome x is itself assigned a value by a function on x that does not involve V, will produce the same decisions as satisficing of the type described under these conditions.”
Interestingly, the latter may be true if V did have a codomain in utilons (or at least, I was unable to come up with a consistent counterexample).
No luck. You should write everything in math, specifying types (domains/codomains) of all functions/random variables. It’ll really be easier, and the confusion (mine or yours) will be instantly resolved.
Also, thanks for posting the original comment—it’s actually useful to some research I’m doing, now that I actually understand it!
Ah, I think I found it. I took V to have a codomain in utilons in your example (that was my interpretation of “V is a random variable that depends only on u”).
Reinterpreting the subsequent comments in that context, I can see that I was responding to “formally equivalent” in the original comment as if it meant “expected utility maximization of the traditional sort, where each outcome x is itself assigned a value by a function on x that does not involve V, will produce the same decisions as satisficing of the type described under these conditions.”
Interestingly, the latter may be true if V did have a codomain in utilons (or at least, I was unable to come up with a consistent counterexample).