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If you convert the dollar amounts to the actual value that the players will experience, then the problem dissolves. Adjusting for the marginal utility of dolla
by GavinB 17y ago
If you convert the dollar amounts to the actual value that the players will experience, then the problem dissolves.
Adjusting for the marginal utility of dollars at various levels of wealth should make this whole problem a non-issue. Am I missing something?
- jrp 17y agoI'm sure that losing $X, where X is large compared to your wealth, is generally a bigger event than gaining $X in terms of utility. But can't we always repeat the argument so that the game is fair when measured in utility?
- GavinB 17y agoYes, but once you've done so the problem loses the property of having one set that is preferable to the others.
- ewjordan 17y agoIt's also generally impossible to make a non-trivial game both zero sum in dollars and zero sum in utility, when using a non-trivial dollar->utility conversion.