Jordan comments on A Much Better Life? - Less Wrong

61 Post author: Psychohistorian 03 February 2010 08:01PM

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Comment author: Jordan 05 February 2010 01:32:04AM *  1 point [-]

For small enough probabilities the spirit of the calculation does change. That's true. You then have to factor in the utility of the money spent.

ETA: that factor exists even with non-small probabilities, it just tends to be swamped by the other terms.