1. The easiest case is where individuals are assumed to have common preferences over attribute bundles and bundle lotteries. 54 In the case of common preferences over attribute bundles and bundle lotteries, it is straightforward to use the common vNM utility function to generate intra-and interpersonal comparisons of levels and differences, as illustrated in Table 3. The reason this is successful is because of a well-known technical feature of vNM utility functions;How might we use vNM utility functions to generate inter-and intrapersonal comparisons of well-being levels and differences
2. By age 4, most kids see what's real