bryjnar comments on Terminal Bias - Less Wrong

18 [deleted] 30 January 2012 09:03PM

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Comment author: bryjnar 01 February 2012 11:34:43AM 1 point [-]

I don't think that follows. The risk-aversion utility attaches to the choice, not the outcome: I get extra utility for having made a choice with lower expected variance, not for one of the outcomes. If you then offer me a choice between choices, then sure, there will be more risk aversion, but I don't think it's viciously recursive.