wedrifid comments on Risk aversion vs. concave utility function - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (33)
It is just the standard usage if applied appropriately to utility. Even the 'certainty effect' that you mention is an example of being risk adverse with respect to utility albeit one highly limited to a specific subset of cases - again when the object being risk is evaluated in terms of utility.
Which may apply somewhere in the post but in the specific application in the context just wouldn't have made sense in the sentence.