timtyler comments on Pinpointing Utility - Less Wrong

57 [deleted] 01 February 2013 03:58AM

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Comment author: [deleted] 02 February 2013 06:38:26AM 4 points [-]

money is a kind of utility

Is it?

Are there any expected-money maximizers in the world? (risk aversion is not allowed; utility is linear in utility, so if money is utility, it must have linear utility. Does it?)

Does anyone value money for its own sake? Or do they value what it can buy?

Is money a quantity associated with an entire world-history?

Comment author: timtyler 02 February 2013 12:31:24PM *  0 points [-]

So, money is a representation of utility. Representations of utilities don't have to be "linear in utility". I already said "obviously not the utility of people", so whether people value money for its own sake doesn't seem very relevant.

Perhaps a better point of comparison for money would be with utility-related signals in the brain - such as dopamine.

I don't like having to say "representation of utility". Representations are all we have. There is no utility apart from representations.