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Metus comments on Open Thread, May 5 - 11, 2014 - Less Wrong
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Robin Hanson writes about rank linear utility. This formalism asserts that we value options by their rank in a list of options available at any one time, making it impossible to construct a coherent classical utility function.
Yeah, that was my first link in the comment. :-) Still good that you summarized it, though, since not everyone's going to click on the link.
Oops, I frankly did not see the link. The one time I thought I could contribute ...
Well, like I said, it was probably a good thing to post and briefly summarize anyway. If you missed the link, others probably did too.