Nisan comments on A fungibility theorem - Less Wrong

21 Post author: Nisan 12 January 2013 09:27AM

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Comment author: Nisan 15 January 2013 01:12:54AM 1 point [-]

Neat, but this looks equivalent to Harsanyi to me.

Harsanyi's theorem concerns a "social welfare function" that society is supposed to maximize. The present theorem makes no such assumption.

Comment author: Vaniver 15 January 2013 03:34:01AM *  0 points [-]

Well, instead it concerns an "individual welfare function" that an individual is supposed to maximize, and the individual is assumed to be composed of VNM-rational subindividuals. Sure, it's a different flavor, but is there anything else different?

Comment author: AlexMennen 15 January 2013 05:19:22AM 1 point [-]

It only assumes the VNM-rational subindividuals, and derives the existence of the overall welfare function.

Comment author: AlexMennen 15 January 2013 02:28:40AM 0 points [-]

I didn't notice until reading your comment that your theorem gives an answer to the question of why the aggregation should be VNM-rational.