I’m mostly interested in prescriptive rationality, and vNM is the right starting point for that (with game theory being the right next step, and more beyond, leading to MIRI’s research among other things). If you want a good descriptive alternative to vNM, check out prospect theory.
I’m mostly interested in prescriptive rationality, and vNM is the right starting point for that (with game theory being the right next step, and more beyond, leading to MIRI’s research among other things). If you want a good descriptive alternative to vNM, check out prospect theory.