NancyLebovitz comments on Criticisms of CEV (request for links) - Less Wrong
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"What would I do if I were wiser?" may not be a meaningful question. Your current idea of wisdom is shaped by your current limitations.
At least the usual idea of wisdom is that it's acquired through experience, and how can you know how more experience will affect you? Even your idea of wisdom formed by observing people who seem wiser than yourself is necessarily incomplete. All you can see is effects of a process you haven't incorporated into yourself.