But I do want to insist on the first thing too. Reserve the term ‘coherence theorems’ for whatever you like. The fact remains. Anyone who claims that:
There exist theorems which state that, unless an agent can be represented as maximizing expected utility, that agent is liable to pursue strategies that are dominated by some other available strategy
is making a mistake.
And anyone who claims that:
VNM/Savage/Bolker-Jeffrey/Dutch Books/Cox’s Theorem/the Complete Class Theorem is such a theorem
is making a mistake that could have been avoided by looking up what those theorems actually say.
Thanks. I appreciate that.
But I do want to insist on the first thing too. Reserve the term ‘coherence theorems’ for whatever you like. The fact remains. Anyone who claims that:
There exist theorems which state that, unless an agent can be represented as maximizing expected utility, that agent is liable to pursue strategies that are dominated by some other available strategy
is making a mistake.
And anyone who claims that:
VNM/Savage/Bolker-Jeffrey/Dutch Books/Cox’s Theorem/the Complete Class Theorem is such a theorem
is making a mistake that could have been avoided by looking up what those theorems actually say.