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bill comments on Rationality, Cryonics and Pascal's Wager - Less Wrong
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I've used that as a numerical answer to the question "How are you doing today?"
A: Perfect life (health and wealth) B: Instant painless death C: Current life.
What probability p of A (and 1-p of B) makes you indifferent between that deal (p of A, 1-p of B) and C? That probability p, represents an answer to the question "How are you doing?"
Almost nothing that happens to me changes that probability by much, so I've learned not to sweat most ups and downs in life. Things that change that probability (disabling injury or other tragedy) are what to worry about.