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JDM comments on Rationality is Systematized Winning - Less Wrong
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Choosing what gives the "best chance of winning" is good advice for a two-valued utility function, but I'm also interested in reducing the severity of my loss under uncertainty and misfortune.
I guess "maximizing expected utility" isn't as sexy as "winning".
Indeed. Forget about "winning". It is not sexy if it is wrong.
I think you're defining "winning" too strictly. Sometimes a minor loss is still a win, if the alternative was a large one.
Winning is a conventional dictionary word, though. You can't easily just redefine it without causing confusion. "Winning" and "maximising" have different definitions and connotations.
The first definition from google - Be successful or victorious in (a contest or conflict).
This is no different than I or most people would define it, and I don't think it contradicts with how I used it.