CarlShulman comments on Open Thread June 2010, Part 2 - Less Wrong

7 Post author: komponisto 07 June 2010 08:37AM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (534)

You are viewing a single comment's thread. Show more comments above.

Comment author: CarlShulman 12 June 2010 04:13:06AM 1 point [-]

As Thom indicates, this is exactly what I was talking about: ten times the stuff you own, rather than ten times the utility. Since utility is just a representation of your preferences, the 1 in 10 payoff would only have ten times the utility of your current endowment if you would be willing to accept this gamble.