3 ms·
"research ... dead in the water" There's no need for explicit research to establish the fact that people differ in their subjective preferences (utility) perta
by hntrader 6y ago
"research ... dead in the water"
There's no need for explicit research to establish the fact that people differ in their subjective preferences (utility) pertaining to outcome distributions. The evidence is abundant.
I can go down to the casino and see this. Or I can see that family member A has insurance while family member B doesn't.
You talked earlier about wanting a theory to have stable foundations. A theory that doesn't even recognize the existence of subjective expected utility is not that.