= 27d567bc2d48d9f40e9ccc20ea370b15)
Stuart_Armstrong comments on Expected utility without the independence axiom - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (65)
Once you abanndon independence, the possibilities are litteraly infinite - and not just easily controllable infinities, either. I worked with SD as that's the simplest model I could use; but skewness, kurtosis or, Bayes help us, the higher moments, are also valid choices.
You just have to be careful that your choice of units is consistent; the SD and the mean are in the same unit, the variance is in units squared, the skewness and kurtosis are unitless, the k-th moment is in units to the power k, etc...
That's true - and it occurred to me after I posted the comment that your criteria don't define the decision system anyway, so even using some other method you might still be able to prove that it meets your conditions.