Can you redefine your axioms to talk only about lotteries over outcomes?
Alas no. I’ve changed my post to explain the difficulties as I can change the mean and SD of any distribution by just changing my utility function.
I have a new post up that argues that where small sums are concerned, you have to have a utility function linear in cash.
Alas no. I’ve changed my post to explain the difficulties as I can change the mean and SD of any distribution by just changing my utility function.
I have a new post up that argues that where small sums are concerned, you have to have a utility function linear in cash.