redding comments on Against Expected Utility - Less Wrong

-3 Post author: Houshalter 23 September 2015 09:21PM

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Comment author: redding 24 September 2015 04:29:34PM 0 points [-]

You say you are rejecting Von Neumann utility theory. Which axiom are you rejecting?

https://en.wikipedia.org/wiki/Von_Neumann–Morgenstern_utility_theorem#The_axioms

Comment author: Vaniver 24 September 2015 04:59:22PM 2 points [-]

The last time this came up, the answer was:

That for any bet with an infinitesimally small value of p, there is a value of u high enough that I would take it.

This is, as pointed out there, not one of the axioms.

Comment author: Houshalter 25 September 2015 03:55:43AM 0 points [-]

The axiom of independence. I did mention this in the post.