Annoyance comments on The Costs of Rationality - Less Wrong

32 Post author: RobinHanson 03 March 2009 06:13PM

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Comment author: Annoyance 04 March 2009 07:06:19PM *  4 points [-]

A rational belief isn't necessarily correct or true. Rational beliefs are justified, in that they logically follow from premises that are accepted as true. In the case of probabilistic statements, a rational strategy is one that maximizes the chance of being correct or otherwise reaching a defined goal state. It doesn't have to work or be correct in any ultimate sense to be rational.

If I play the lottery and win, playing the lottery turned out to be a way to get lots of money. It doesn't mean that playing the lottery was a rational strategy. If I make a reasonable investment and improbable misfortune strikes, losing the money, that doesn't mean that the investment wasn't rational.

Comment author: grobstein 05 March 2009 08:55:40PM 3 points [-]

This has no bearing on the point above. In essence you're just rephrasing Robin's definition, "better believing what is true, given one's limited info and analysis resources." The disposition best-calculated to lead to true beliefs will not produce true beliefs in every instance, because true beliefs will not always be justified by available evidence.

So what?