Eliezer_Yudkowsky comments on You only need faith in two things - Less Wrong
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If you only assign significant probability mass to one changeover day, you behave inductively on almost all the days up to that point, and hence make relatively few epistemic errors. To put it another way, unless you assign superexponentially-tiny probability to induction ever working, the number of anti-inductive errors you make over your lifespan will be bounded.
But even one epistemic error is enough to cause an arbitrarily large loss in utility. Suppose you think that with 99% probability, unless you personally join a monastery and stop having any contact with the outside world, God will put everyone who ever existed into hell on 1/1/2050. So you do that instead of working on making a positive Singularity happen. Since you can't update away this belief until it's too late, it does seem important to have "reasonable" priors instead of just a non-superexponentially-tiny probability to "induction works".
This is always true.
I'd say more that besides your one reasonable prior you also need to not make various sorts of specifically harmful mistakes, but this only becomes true when instrumental welfare as well as epistemic welfare are being taken into account. :)
Do you think it's useful to consider "epistemic welfare" independently of "instrumental welfare"? To me it seems that approach has led to a number of problems in the past.
Ok, I agree with this interpretation of "being exposed to ordered sensory data will rapidly promote the hypothesis that induction works".
Yep! And for the record, I agree with your above paragraphs given that.
I would like to note explicitly for other readers that probability goes down proportionally to the exponential of Kolmogorov complexity, not proportional to Kolmogorov complexity. So the probability of the Sun failing to rise the next day really is going down at a noticeable rate, as jacobt calculates (1 / x log(x)^2 on day x). You can't repeatedly have large likelihood ratios against a hypothesis or mixture of hypotheses and not have it be demoted exponentially fast.