Gunnar_Zarncke comments on The Allais Paradox - Less Wrong

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

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Comment author: Nick_Tarleton 19 January 2008 03:45:46AM 12 points [-]

If I knew the offer wouldn't be repeated, I might take 1A because I'd really rather not have to explain to people how I lost $24,000 on a gamble.

Comment author: Gunnar_Zarncke 16 December 2014 08:46:12AM 1 point [-]

I think these kinds of 'side channel' loss information are what make your intuition value 1A > 1B. In a way the implicit assumptions in the offer are what cause the trouble. Naive subjects are naive only to pure math not to real life.