Kindly comments on Checklist of Rationality Habits - Less Wrong

117 Post author: AnnaSalamon 07 November 2012 09:19PM

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Comment author: Kindly 20 November 2012 11:14:11PM 4 points [-]

By comparing changes in utility as opposed to absolute values.

To the person with $50000, a change to $70000 would have a log utility of 0.336, and a change to $1 billion would have a log utility of 9.903. A change to $1 would have a log utility of -10.819.

Comment author: gwern 20 November 2012 11:33:43PM 1 point [-]

I see, thanks.