army1987 comments on What Curiosity Looks Like - Less Wrong

31 Post author: lukeprog 06 January 2012 09:28PM

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Comment author: [deleted] 13 January 2012 12:43:23PM 2 points [-]

first-order effects that cancel out exactly when expressed in terms of money, and therefore probably cancel out approximately when expressed in terms of utility

Surely the externalities of cutting down trees to make paper/burning fuel to power the printer/etc. are first-order effects which aren't cancelled out by anything obvious. Or am I missing something?

Comment author: gjm 14 January 2012 01:12:31AM 1 point [-]

I'd consider them second-order effects. (Note: by "second-order" here I mean something like "less direct, more diffuse, and harder to evaluate", not "smaller". I appreciate that this is a bit woolly; perhaps the distinction isn't a helpful one.)