Yes, absolutely, apologies for my unfamiliarity with the terms.
The point I’m trying to make is that lottery playing optimises utility (assuming utility means what is considered valuable to the person). Saying that lottery playing is irrational is making a statement about what is valuable more that it does about what is reasonable.
Yes, absolutely, apologies for my unfamiliarity with the terms.
The point I’m trying to make is that lottery playing optimises utility (assuming utility means what is considered valuable to the person). Saying that lottery playing is irrational is making a statement about what is valuable more that it does about what is reasonable.