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DRCMR
@DRCMR_MRI
The Danish Research Centre for Magnetic Resonance is dedicated to studying the brain in health and disease.
Denmark
Joined January 2011
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646Followers
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DRCMR@DRCMR_MRI · May 29
New blog post from DRCMR's @hulme_oliver on a fundamental error at the heart of most decision theories. Work with London Math Lab's @ole_b_peters. Here is a thread explaining the post: x.com/ole_b_peters/s…
1/ How can I put this? "Expected utility maximizers don't maximize utility." Why? Because utility is not usually an ergodic quantity in the mathematical models used by economists, and maximizing its expected value doesn't mean much in the real world.
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