OrphanWilde comments on Rough utility estimates and clarifying questions - Less Wrong

2 Post author: Romashka 02 September 2015 12:55PM

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Comment author: OrphanWilde 03 September 2015 01:54:28PM 2 points [-]

I think utilitarianism is just the gateway economic philosophy for people who aren't yet comfortable measuring the value of human lives in dollars, and you could eliminate the unnecessary abstraction of "utility" and measure dollar cost/value instead (which has a fairly straightforward translation into other values you may care about, vis a vis the market giving you translation prices), using opportunity costs and revealed preference to consider the issues at hand.