V_V comments on What do you mean by Pascal's mugging? - Less Wrong

4 Post author: XiXiDu 20 November 2014 04:38PM

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Comment author: V_V 22 November 2014 02:16:19AM 0 points [-]

I don't think that Pascal's mugging it's just a scenario where the expected payoff contains a small probability multiplied by an utility large in absolute value.

I think it is better to use the term "Pascal's mugging", or perhaps "Pascal scam" to describe a scenario where, in addition to the probabilities and the utilities being extreme, there is also lots of "Knightian" (= difficult to formalize) uncertainty about them.