Can you give an example of a non-risk-neutral utility function that can’t be converted a standard utility function by rescaling.
Bonus points if it doesn’t make you into a money pump.
No, because I don’t have a good handle on what magic can and cannot be done with math; when I have tried to do this in the past, it looks like this.
Me: But thus and so and thresholds and ambivalence without indifference and stuff.
Mathemagician: POOF! Look, this thing you don’t understand satisfies your every need.
Can you give an example of a non-risk-neutral utility function that can’t be converted a standard utility function by rescaling.
Bonus points if it doesn’t make you into a money pump.
No, because I don’t have a good handle on what magic can and cannot be done with math; when I have tried to do this in the past, it looks like this.
Me: But thus and so and thresholds and ambivalence without indifference and stuff.
Mathemagician: POOF! Look, this thing you don’t understand satisfies your every need.