Douglas_Knight comments on VNM expected utility theory: uses, abuses, and interpretation - Less Wrong

21 Post author: Academian 17 April 2010 08:23PM

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Comment author: Douglas_Knight 18 April 2010 03:51:50AM 2 points [-]

Yes, if you drop continuity, all you get is lexicographic preferences, which isn't much of a change. But situations where you want to break ties don't come up much. There is usually the opportunity to measure more closely the first-order goal, rather than to try to control the tie-breaker.