Stuart_Armstrong comments on Post retracted: If you follow expected utility, expect to be money-pumped - Less Wrong

0 Post author: Stuart_Armstrong 29 October 2009 12:06PM

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Comment author: Stuart_Armstrong 29 October 2009 08:14:34PM 0 points [-]

Upvoted, because that is indeed a problem. With a utility concave in cash, unless you happen to have an infinity of lottery tickets to hand, you cannot be money pumped in this way.

You can, however, be exploited because of your inability to correctly price dependent contracts.