An intriguing perspective, but I’m not sure whether I agree. Naively, it would seem that a choice between fixed points in the FixDT setting is just a choice between different probability distributions, which brings us very close to the VNM idea of a choice between gambles. So VNM-like utility theory seems like the obvious outcome.
An intriguing perspective, but I’m not sure whether I agree. Naively, it would seem that a choice between fixed points in the FixDT setting is just a choice between different probability distributions, which brings us very close to the VNM idea of a choice between gambles. So VNM-like utility theory seems like the obvious outcome.
That being said, I don’t really agree with the idea that an agent should have a fixed VNM-like utility function. So I do think some generalization is needed.