Ep 130: Steven Pinker’s ”Rationality” Ch 6 ”Risk and Reward” (Rational Choice & Expected Utility). Analysis.
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The Axioms of Decision Theory
Theorems about the consistency of axioms from social choice theory. Can they be satisfied simultaneously? Well, it turns out they cannot. No way of ceiving of the will of the people can satisfy all five of them. This strikes at the assumptions behind social choice theory on a deeper level than bolinski and young.
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