Vladimir_Nesov comments on A model of UDT without proof limits - Less Wrong
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The activity of step 2 results in proofs of statements like [A()==1 => U()==100] being long (in agent's proof system, compared to length of proofs of the "natural" moral arguments like [A()==1 => U()==5]), something that wouldn't be the case had step 2 been absent. So it does perform tangible work.