Starglow comments on The Allais Paradox - Less Wrong

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

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Comment author: Starglow 22 October 2015 04:59:53PM 0 points [-]

Forgive me if I'm misunderstanding something, but the way I see it, if I choose 1A, it means that I am willing to forgo (i.e. pay) 3000$ for an additional 1/34 ~ 3% chance of getting money. Then if I choose 2B, if means I am unwilling to forgo an additional 3000$ in exchange for an additional 1% chance of getting money. So what I learn from this is that the value I assign an extra percentage chance of getting money is somewhere between 1000$ and 3000$.