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Viliam_Bur comments on Is risk aversion really irrational ? - Less Wrong
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There is one important detail about the computational power. Risk today increases computational power for evaluating tomorrow's risk. But also the possibility of risks tomorrow becoming entangled with today's decision increases computational power for evaluating today's risk.
The real utility of today's risk is probably smaller than it seems when we evaluate the risk as an isolated event. Risk aversion may be a heuristic to improve our estimates.