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MichaelBishop comments on The Domain of Your Utility Function - Less Wrong
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I thought so too even as recently as a month ago, but Post Your Utility Function and If it looks like utility maximizer and quacks like utility maximizer... for pretty strong arguments against this.
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.