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paulfchristiano comments on Pascal's Muggle: Infinitesimal Priors and Strong Evidence - Less Wrong
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I agree it would be nice if things were better written up; right now there is the description I linked and Hal Finney's.
If individual moments can be arbitrarily good, then I agree you have unbounded utilities again.
If you count the number of paperclips you would again get into trouble; the analogous thing to do would be to count the mesure of paperclips.