New blog post with Ollie Hulme, called "Expected-utility maximizers don't maximize utility."

New post from DRCMR’s Ollie Hulme and his work with Ole Peters of London Math Lab. The work covers theories of decision-making in psychology and economics. They show how agents behaving according to prevailing utility theories generally fail to maximise utility over time. They argue why this is a fundamental error, and that this may account for why these theories are not good models of human behavior. Have a read here