I just want to express my disagreement with the other two replies to this comment. Yes, in a vacuum, it’s true that scaling and translating utility functions doesn’t have any effect. But as soon as you start trying to compare them across individuals—which is exactly what we were doing in the relevant part of the post—it seems to me that scaling and translation behave just like this comment describes.
I just want to express my disagreement with the other two replies to this comment. Yes, in a vacuum, it’s true that scaling and translating utility functions doesn’t have any effect. But as soon as you start trying to compare them across individuals—which is exactly what we were doing in the relevant part of the post—it seems to me that scaling and translation behave just like this comment describes.