It doesn’t seem like a formalism like VNM makes predictions, the way eg the law of gravity does. You can apply the VNM formalisms to model agents, and that model sometimes seems more or less applicable. But what observation could I see that would undermine or falsify the VNM formalism, as opposed to learning that that some particular agent doesn’t obey the VNM axioms.
Is that true?
Name three.
It doesn’t seem like a formalism like VNM makes predictions, the way eg the law of gravity does. You can apply the VNM formalisms to model agents, and that model sometimes seems more or less applicable. But what observation could I see that would undermine or falsify the VNM formalism, as opposed to learning that that some particular agent doesn’t obey the VNM axioms.