Stuart_Armstrong comments on Expected utility without the independence axiom - Less Wrong

9 Post author: Stuart_Armstrong 28 October 2009 02:40PM

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Comment author: Stuart_Armstrong 29 October 2009 12:08:46PM 1 point [-]

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.