multifoliaterose comments on Why We Can't Take Expected Value Estimates Literally (Even When They're Unbiased) - Less Wrong
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Comments (249)
As Bongo noted, the post doesn't argue against expected utility maximization.
This is along the lines of the final section of the post titled "Generalizing the Bayesian approach."
No. The people giving these estimates may be reasoning poorly and/or put insufficient time into thinking about the relevant issuesand consequently fail to fully utilize their Bayesian prior. (Of course, this characterization applies to everyone in some measure; it's a matter of degree).