Sorry, my point was not that CEV was a normative theory, but that one cannot be compared unfavorably with “vaporware.” The worry is that CEV might be like Leibniz’s “Characteristica Universalis”.
Sorry, my point was not that CEV was a normative theory, but that one cannot be compared unfavorably with “vaporware.” The worry is that CEV might be like Leibniz’s “Characteristica Universalis”.