And so, the question to ask now is something like “is there a point on the Pareto frontier u1,u2...un where we can get the curnits/utilon conversion numbers from that point, convert everyone’s utility to curnits, work out the CoCo value of the resulting game, convert back to utilons, and end up at the exact same point we started at?”
I’m mostly not following the math, but at first glance this feels more like it’s defining a stable point rather than an optimal point.
I’d strongly agree with that, mainly because, while points with this property exist, they are not necessarily unique. The non-uniqueness is a big issue.
I’m mostly not following the math, but at first glance this feels more like it’s defining a stable point rather than an optimal point.
I’d strongly agree with that, mainly because, while points with this property exist, they are not necessarily unique. The non-uniqueness is a big issue.