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RichardKennaway comments on We Don't Have a Utility Function - Less Wrong
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Trivially. Quite. So trivially that anything at all can be "modelled" by a utility function at that level of triviality.
I've a great new utility-based model of the universe! The universe as it is has utility 1. Every other hypothetical universe has utility 0.
That's an Occam's razor fail, though. Explanations need to be concise to be satisfying. You'll find that, if you compress that utility function, you will be onto something interesting.