DanArmak comments on Utilons vs. Hedons - Less Wrong

28 Post author: Psychohistorian 10 August 2009 07:20PM

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Comment author: DanArmak 11 August 2009 02:49:35PM 0 points [-]

Thanks! You're the first person who's started to explain to me what "utilons" are actually supposed to be under a rigorous definition and incidentally why people sometimes seem to be using slightly different definitions in these discussions.

consistent choices over gambles

How is consistency defined here?

Comment author: Vladimir_Nesov 11 August 2009 03:01:36PM 1 point [-]

You can learn more from e.g. the following lecture notes:

B. L. Slantchev (2008). `Game Theory: Preferences and Expected Utility'. (PDF)

Comment author: conchis 11 August 2009 03:58:04PM 0 points [-]

How is consistency defined here?

Briefly, as requiring completeness, transitivity, continuity, and (more controversially) independence. Vladimir's link looks good, so check that for the details.

Comment author: DanArmak 11 August 2009 04:03:05PM 0 points [-]

I will when I have time tomorrow, thanks.