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nshepperd comments on 0 And 1 Are Not Probabilities - Less Wrong

34 Post author: Eliezer_Yudkowsky 10 January 2008 06:58AM

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Comment author: nshepperd 18 October 2011 04:52:06PM 1 point [-]

There's a lot of logic to that. For extremely unlikely possibilities you can often get away with setting their probability to 0 to make the calculations a lot simpler. For possibilities where predicted utility is independent of your actions (like "reality is just completely random") it can also be worthwhile setting their probability to 0 (ie. ignoring them), since they're approximately a constant term in expected utility. These are good ways of approximating actual expected utility so you can still mostly make the right decisions, which bounded rationality requires.