Remarks on Utility in Repeated Bets
arXiv:2306.03842v1h-index: 59
Originality Synthesis-oriented
AI Analysis
This addresses theoretical foundations in decision theory, but it appears incremental as it builds on existing utility frameworks.
The paper examines von Neumann-Morgenstern utility in repeated bets, showing that conclusions differ for simultaneous versus sequential choices and demonstrating that utility is not additive.
The use of von Neumann -- Morgenstern utility is examined in the context of multiple choices between lotteries. Different conclusions are reached if the choices are simultaneous or sequential. It is demonstrated that utility cannot be additive.