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kilobug 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.
That was a pun to add some life to the experiment and make it less "boring" or "cold", but you're right that is just false. I changed it for a much lighter wording.