gwern comments on The Cambist and Lord Iron: A Fairy Tale of Economics - Less Wrong

33 Post author: Alicorn 19 December 2010 02:05AM

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Comment author: gwern 27 December 2010 12:14:44AM 0 points [-]

But surely one's revealed preference for the trumpet wouldn't be infinity, say, but some small number like a million? So the infinity is excessive.

Comment author: Vaniver 27 December 2010 06:13:56PM 0 points [-]

Like said in the grandparent, for a finite punishment the value would be finitely increased. But I don't see an issue with saying complete prevention results in infinite value, knowing that's an idealized case.