4 ms·
Has it crossed your mind thay maybe it's you who doesn't understand the topic? EUT doesn't say what the U is. It only says that one can be found if the agent's
by kgwgk 6y ago
Has it crossed your mind thay maybe it's you who doesn't understand the topic?
EUT doesn't say what the U is. It only says that one can be found if the agent's preferences are rational (for some definition of rationality).
Can you point to an example where EE provides a solution that cannot be represented by some utility function?