Yes, different priors (especially ones making hard-to-test predictions) largely have the same effects as different utility functions (e.g. this post discusses simulating belief changes with utility changes). The coffee shop example includes limited communication abilities, perhaps there are other better examples?
Yes, different priors (especially ones making hard-to-test predictions) largely have the same effects as different utility functions (e.g. this post discusses simulating belief changes with utility changes). The coffee shop example includes limited communication abilities, perhaps there are other better examples?