Dagon comments on Life insurance for Cryonics, how many years? - Less Wrong

4 Post author: roland 23 May 2014 05:15PM

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Comment author: Dagon 27 May 2014 02:06:08PM 0 points [-]

Maybe the "separately" should be removed from my comment. Each risk should be considered, whether together or separately. It's not an either/or choice, it's a both are real situation.

Yes, that set of choices is irrational. If a 1% chance of irreversible death is worth more than $1000 for you to prevent, that's true regardless of your base chance.

Comment author: brazil84 29 May 2014 08:49:26AM 0 points [-]

Yes, that set of choices is irrational. If a 1% chance of irreversible death is worth more than $1000 for you to prevent, that's true regardless of your base chance

Why does that make it irrational? Why is it irrational that the amount of risk you are already facing can and should affect the amount you are willing to pay to avoid further risk?

Or to put it in more formal terms, why is it irrational to have a non-linear utility function?