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fool comments on The Ellsberg paradox and money pumps - Less Wrong
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Heh. I'm the one being accused of huffing priors? :-)
Okay, granted, there are methods like maximum entropy for Bayesian priors that can be applied in some situations, and the Ellsberg urn is such a situation.
Yes, you are correct about the discontinuity in the derivative.
Yes. Because you're huffing priors. Twice as much, in fact - we have to make up one number, you have to make up two.