Thanks for bringing this up, and I’ve change my post to reflect your comments. Unfortunately, I have to decree a utility function ahead of time for this to make any sense, as I can change the mean and SD of any distribution by just changing my utility function.
I have a new post up that argues that where small sums are concerned, you have to have a utility function linear in cash.
Thanks for bringing this up, and I’ve change my post to reflect your comments. Unfortunately, I have to decree a utility function ahead of time for this to make any sense, as I can change the mean and SD of any distribution by just changing my utility function.
I have a new post up that argues that where small sums are concerned, you have to have a utility function linear in cash.