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PhilGoetz comments on Values vs. parameters - Less Wrong
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See Eliezer's post against discounting - I've been trying to address the problem that's left even after you factor out uncertainty.
Note that instrumental discounting is not just down to uncertainly - there's also mortality, future-impotence, resource limitations, the divide-and-conquer strategy - and so on. You should probably be trying to factor all of those things out.