MichaelBishop comments on The Domain of Your Utility Function - Less Wrong

24 Post author: Peter_de_Blanc 23 June 2009 04:58AM

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Comment author: MichaelBishop 24 June 2009 09:24:17PM 0 points [-]

Do you have models which explain economics which don't involve individual utility maximization and yet do as well or better. I'm not saying that models of utility maximization are always best, social scientists, including economists, are discovering this But I do think expected utility maximization is currently the best approach to a large class of problems.