beoShaffer comments on Knowing About Biases Can Hurt People - Less Wrong

70 Post author: Eliezer_Yudkowsky 04 April 2007 06:01PM

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Comment author: NancyLebovitz 15 September 2012 06:12:01PM 4 points [-]

"For a true Bayesian, information would never have negative expected utility."

Is this true in general? It seems to me that if a Bayesian has limited information handling ability, then they need to give some thought (not too much!) to the risks of being swamped with information and of spending too many resources on gathering information.

Comment author: beoShaffer 15 September 2012 08:20:10PM *  4 points [-]

if a Bayesian has limited information handling ability

I believe that in this situation "true Bayesian" implies unbounded processing power/ logical omniscience.

Comment author: NancyLebovitz 16 September 2012 01:15:11AM *  0 points [-]

I suggest that "true Bayesian" is ambiguous enough (this seems to use it in the sense of a human using the principles of Bayes) that some other phrase-- perhaps "unlimited Bayesian"-- would be clearer.