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Lumifer comments on Iterated Gambles and Expected Utility Theory - Less Wrong Discussion

1 Post author: Sable 25 May 2016 09:29PM

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Tags: utility gambles expected iterated theory stanovich prospect

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Comment author: Lumifer 06 June 2016 04:14:25PM *  2 points [-]

In fact it's pretty well established that typical levels of risk aversion cannot be explained by any halfway-credible utility function.

Yep, I've been mentioning that on LW over and over again, but people seem reluctant to accept that.

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