The example may not prove anything useful, but it did something useful for me. It reminded me that 1) we don’t have a single perfect-for-all-situations definition of utility. and 2) our intuition often leads us astray.
The example may not prove anything useful, but it did something useful for me. It reminded me that 1) we don’t have a single perfect-for-all-situations definition of utility. and 2) our intuition often leads us astray.