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torekp comments on From "Coulda" and "Woulda" to "Shoulda": Predicting Decisions to Minimize Regret for Partially Rational Agents - Less Wrong Discussion
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Comments (5)
I think I like your idea better than you do. I'm not convinced of the irrationality of not having a standard utility function such as dictated by the VNM axioms. It's not just a bad description of humans, I think; it's a non-binding norm. I'm not sure exactly which axiom(s) are the troublemakers, but Seidenfeld <pdf> has an interesting discussion.
So I welcome an approach with weaker standards.
Edit: Ha, I picked a fine time to say this.