Oh, nice, I do remember really liking that post. It’s a great example, though I think if you bring in time and trade-in-time back into this model you do actually get things that are more VNM-shaped again. But overall I am like “OK, I think that post actually characterizes how coherence arguments apply to agents without completeness quite well”, and am also like “yeah, and the coherence arguments still apply quite strongly, because they aren’t as fickle or as narrow as the OP makes them out to be”.
But overall, yeah, I think this post would be a bunch stronger if it used the markets example from John’s post. I like it quite a bit, and I remember using it as an intuition pump in some situations that I somewhat embarrassingly failed to connect to this argument.
Oh, nice, I do remember really liking that post. It’s a great example, though I think if you bring in time and trade-in-time back into this model you do actually get things that are more VNM-shaped again. But overall I am like “OK, I think that post actually characterizes how coherence arguments apply to agents without completeness quite well”, and am also like “yeah, and the coherence arguments still apply quite strongly, because they aren’t as fickle or as narrow as the OP makes them out to be”.
But overall, yeah, I think this post would be a bunch stronger if it used the markets example from John’s post. I like it quite a bit, and I remember using it as an intuition pump in some situations that I somewhat embarrassingly failed to connect to this argument.