Counterargument #1 is similar to argument against Pascal's wager that weights Christianity and anti-Christianity equally. Carl's comment addresses this sort of thing pretty well. That TimFreeman has asserted that you should suspect he is a god is (very small) positive evidence that he is one, that he has the requisite power and intelligence to write a lesswrong post is also very small but positive evidence, &c.
Counterargument #2 implies the nonexistence of gods. I agree that gods are implausible given what we know, but on the other hand, the necessity of entropy and heat-death need not apply to the entire range of UN(X),
I don't understand Counterargument #3. Could you elaborate a little?
Counterargument #4 seems similar to Robin Hanson's argument against the 3^^^3 dust specks variant of Pascal's Mugging, where if I recall correctly he said that you have to discount by the improbability of a single entity exercising such power over N distinct persons, a discount that monotonically scales positively with N. If the discount scales up fast enough, it may not be possible to construct a Pascal's Mugging of infinite expected value. You could maybe justify a similar principle for an otherwise unsupported claim that you can provide N utilons.
Counterargument #5 raises an interesting point: the post implicitly assumes a consistent utility function that recognizes the standard laws of probability, an assumption that is not satisfied by the ability to update from 0.
I don't understand Counterargument #3. Could you elaborate a little?
It's playing on the mathematical difference between infinite and unbounded.
In plain but debatably-accurate terms, infinity isn't a number. If my utility function only works on numbers, you can no more give it "infinity" than you can give it an apple.
As a couple examples: Any given polygon has 'n' sides, and there are thus infinite many polygons, but no polygon has 'infinity' sides. Conversely, there are infinitely many real numbers such that 0 < x < 1, but x is bounded (...
This post describes an infinite gamble that, under some reasonable assumptions, will motivate people who act to maximize an unbounded utility function to send me all their money. In other words, if you understand this post and it doesn't motivate you to send me all your money, then you have a bounded utility function, or perhaps even upon reflection you are not choosing your actions to maximize expected utility, or perhaps you found a flaw in this post.
Briefly, we do this with The St. Petersburg Paradox, converted to a mugging along the lines of Pascal's Mugging. I then tweaked it to extract all of the money instead of just a fixed sum.
I have always wondered if any actual payments have resulted from Pascal's Mugging, so I intend to track payments received for this variation. If anyone does have unbounded utility and wants to prove me wrong by sending money, send it with Paypal to tim at fungible dot com. Annotate the transfer with the phrase "St. Petersburg Mugging", and I'll edit this article periodically to say how much money I received. In order to avoid confusing the experiment, and to exercise my spite, I promise I will not spend the money on anything you will find especially valuable. SIAI would be better charity, if you want to do charity, but don't send that money to me.
Here's the hypothetical (that is, false) offer to persons with unbounded utility:
If I am lying and the offer is real, and I am a god, what utility will you receive from sending me a dollar? Well, the probability of me seeing N Tails followed by a Head is (1/2)**(N + 1), and your utility for the resulting universe is UTILITY(UN(N)) >= DUT * 2**N, so your expected utility if I see N tails is (1/2)**(N + 1) * UTILITY(UN(N)) >= (1/2)**(N + 1) * DUT * 2 ** N = DUT/2. There are infinitely many possible values for N, so your total expected utility is positive infinity * DUT/2, which is positive infinity.
I hope we agree that it is unlikely that I am a god, but it's consistent with what you have observed so far, so unless you were born with certain knowledge that I am not a god, you have to assign positive probability to it. Similarly, the probability that I'm lying and the above offer is real is also positive. The product of two positive numbers is positive. Combining this with the result from the previous paragraph, your expected utility from sending me a dollar is infinitely positive.
If you send me one dollar, there will probably be no result. Perhaps I am a god, and the above offer is real, but I didn't do anything beyond flipping the first coin because it came out Tails. In that case, nothing happens. Your expected utility for the next dollar is also infinitely positive, so you should send the next dollar too. By induction you should send me all your dollars.
If you don't send money because you have bounded utility, that's my desired outcome. If you do feel motivated to send me money, well, I suppose I lost the argument. Remember to send all of it, and remember that you can always send me more later.
As of 7 June 2011, nobody has sent me any money for this.
ETA: Some interesting issues keep coming up. I'll put them here to decrease the redundancy: