Jonathan_Graehl comments on Average utilitarianism must be correct? - Less Wrong

2 Post author: PhilGoetz 06 April 2009 05:10PM

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Comment author: Jonathan_Graehl 06 April 2009 10:43:42PM *  2 points [-]

If you don't prefer 10% chance of 101 utilons to 100% chance of 10, then you can rescale your utility function (in a non-affine manner). I bet you're thinking of 101 as "barely more than 10 times as much" of something that faces diminishing returns. Such diminishing returns should already be accounted for in your utility function.

Comment author: PhilGoetz 07 April 2009 03:17:03AM *  1 point [-]

I bet you're thinking of 101 as "barely more than 10 times as much" of something that faces diminishing returns.

No. I've explained this in several of the other comments. That's why I used the term "utility function", to indicate that diminishing returns are already taken into account.