I'm not sure, although I would expect VNM to invoke the Hahn-Banach theorem, and it seems hard to do that if you only allow finite lotteries. If you find out I'd be quite interested. I'm only somewhat confident in my original assertion (say 2:1 odds).

Open thread, January 25- February 1

by NancyLebovitz 1 min read25th Jan 2014318 comments

8


If it's worth saying, but not worth its own post (even in Discussion), then it goes here.