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tut comments on Post retracted: If you follow expected utility, expect to be money-pumped - Less Wrong
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The nature of the pump is not clear to me. What is the repeated action referred to by the ambiguous "this"? If it involves buying L from me at prices lower than the expected value $1.5, it runs into the difficulty of where I'm getting this infinite supply of lotteries to sell you.
You make your own lottery tickets.