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DanielLC comments on Unconditionally Convergent Expected Utility - Less Wrong Discussion

10 Post author: DanielLC 11 June 2011 08:00PM

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Comment author: DanielLC 12 June 2011 10:58:55PM 0 points [-]

Can you clarify what you mean by "this idea"?

Using priors that allow for unconditionally convergent expected utility.

Also, doesn't the set of "possible lotteries" have to be the space of lotteries about which VNM can be proved?

I don't understand what you mean. The set I'm using is the largest possible set for which all of those axioms are true. If I use one with utility that increases/decreases without limit, axiom 3 (along with 3') is false. If I use one with utility that doesn't converge unconditionally, axiom 2 is false.

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