asr comments on St. Petersburg Mugging Implies You Have Bounded Utility - Less Wrong

10 Post author: TimFreeman 07 June 2011 03:06PM

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Comment author: asr 07 June 2011 07:19:54PM *  2 points [-]

Yes, certainly. I wasn't supplying evidence against the "bounded utility" conclusion, just suggesting that there are alternate interpretations under which bounded utility doesn't come up.

Having thought about it, I'm pretty sure that my preferences can be modeled with bounded utilities. I would justify that conclusion using the fact that there are only finitely many distinguishable worlds or mental states. If each of those has a finite utility, then my overall utility function is bounded.