I considered deleting the post, but this seems more cowardly than just admitting I was wrong. But TIL something!
this post was submitted on 06 Jan 2024
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This kind of thread is why I duck out of casual maths discussions as a maths PhD.
The two sets have the same value, that is the value of both sets is unbounded. The set of 100s approaches that value 100 times quicker than the set of singles. Completely intuitive to someone who’s taken first year undergraduate logic and calculus courses. Completely unintuitive to the lay person, and 100 lay people can come up with 100 different wrong conclusions based on incorrect rationalisations of the statement.
I’ve made an effort to just not participate since back when people were arguing Rick and Morty infinite universe bollocks. “Infinite universes means there are an infinite number of identical universes” really boils my blood.
It’s why I just say “algebra” when asked what I do. Even explaining my research (representation theory) to a tangentially related person, like a mathematical physicist, just ends in tedious non-discussion based on an incorrect framing of my work through their lens of understanding.
If we only consider the monetary value, both "briefs" have the same value. Otherwise if we incorporate utility theory with a concave bounded utility curve over the monetary value and factor in other terms such as ease of payments, or weight (of the drawn money) then the "worth" of the 100 dollar bills brief could be greater for some people. For me, the 1 dollar bills brief has more value since I'm considering a potential tax evasion prosecution. It would be very suspicious if I go around paying everything with 100 dollar bills, whereas there's a limit on my daily spending with the other brief (how many dollars I can count out of the brief and then handle to the other person).
I admit the only time I've encountered the word utility as an algebraist is when I had to TA Linear Optimisation & Game Theory; it was in the sections of notes for the M level course that wasn't examinable for the Bachelors students so I didn't bother reading it. My knowledge caps out at equilibria of mixed strategies. It's interesting to see that there's some rigorous way of codifying user preference. I'll have to read about it at some point.