RobinZ comments on Expected utility without the independence axiom - Less Wrong

9 Post author: Stuart_Armstrong 28 October 2009 02:40PM

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Comment author: RobinZ 28 October 2009 11:08:14PM 1 point [-]

Strictly speaking, Eliezer's formulation of the Allais Paradox is not the one that has been experimentally tested. I believe a similar money pump can be implemented for the canonical version, however -- and Zut Allais! shows that people can be turned into money pumps in other situations.