I hadn’t yet read de Blanc’s paper about unbounded utility functions.
When writing the post I was considering a limit for all utility functions: bounded and unbounded. Reading his paper it now seems that was an obvious mistake, a limit should hold only for the bounded variety.
Peter de Blanc shows that unbounded utility functions have much worse problems, but I don’t think that convinces many people to give them up.
I hadn’t yet read de Blanc’s paper about unbounded utility functions.
When writing the post I was considering a limit for all utility functions: bounded and unbounded. Reading his paper it now seems that was an obvious mistake, a limit should hold only for the bounded variety.
What could then?