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Solvent comments on Is risk aversion really irrational ? - Less Wrong
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You ruin the thought experiment by writing as if the difference between 0 and 1 paperclips is much worse than the difference between 1 and 4, in violation of the utility function you declared.
Yeah, the article would be far better if that were fixed. Utility functions are identical if you add any constant to them, or any positive multiplier.