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Wei_Dai comments on Extreme risks: when not to use expected utility - Less Wrong
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Comments (36)
That has nothing to do with the independence axiom, which is about Wei Dai's first suggestion of a 50% chance of A and a 50% chance of B (and about unequal mixtures). I think your entire post is based on this confusion.
That's how it looks to me as well.
No, it isn't. I'll write another post that makes my position clearer, as it seems I've spectacularly failed with this one :-)