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Houshalter comments on Against Expected Utility - Less Wrong
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Comments (28)
Everyone except VincentYu seems to understand what I'm saying. I do not understand where people are getting confused. The word "utility" has more meanings than "that thing which is produced by the VNM axioms".
The preference should be too what extent it would make the same decisions you would. This post was the argue that expected utility doesn't and can not do that. And to show some alternatives which might.
I just told you.
If you want to understand where people are getting confused, perhaps you should listen to them.
Huh? First, why would I need a system to make the same decisions I'm going to make by default? Second, who is that "you"? For particular values of "you", building a system that replicates the preferences of that specific individual is going to be a really bad idea.
Building a reasonably comprehensible system that replicates the preferences of a specific individual could at least be somewhat enlightening.
Houshalter clearly wants not a descriptive, but a normative system.