5 ms·
No such assumptions are made in the axioms of VNM-rationality[1] or any other model of rationality of which I am aware. If it is not rational to live near peopl
by sjy 9y ago
No such assumptions are made in the axioms of VNM-rationality[1] or any other model of rationality of which I am aware. If it is not rational to live near people you like it is difficult to see why it would be pay more for a house with any other luxury.
[1]: https://en.wikipedia.org/wiki/Von_Neumann–Morgenstern_utility_theorem https://en.wikipedia.org/wiki/Von_Neumann–Morgenstern_utilit...