buybuydandavis comments on The Allais Paradox - Less Wrong

19 Post author: Eliezer_Yudkowsky 19 January 2008 03:05AM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (133)

Sort By: Old

You are viewing a single comment's thread. Show more comments above.

Comment author: Caledonian2 19 January 2008 03:53:17AM 4 points [-]

A bird in the hand...

Certainty is a form of utility, too.

Comment author: buybuydandavis 28 October 2011 12:33:48AM 1 point [-]

That goes hand in hand with his comments about complexity.

The straightforward expected utility analysis doesn't include the cost of the analysis into the analysis. Nor the increased cost to all subsequent analyses for the uncertainty.

We have limited computational power for executive functions. No doubt we have utility built into us to conserve those limited resources. Most people hate uncertainty and thinking, and they hate it much more than we do. I doubt I'm the only one here who has noticed that.