Joe_Petviashvili comments on The Allais Paradox - Less Wrong

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

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Comment author: Joe_Petviashvili 19 January 2008 03:39:10AM 8 points [-]

The idea is that $ amount equals your utility, while in reality the history of how you got this amount also matters (regret, emotions, etc.).

There's no paradox here - as your utility expressed in $ just doesn't match utility of the subjects. As for money pump - you just have a win win situation - you earn money, and the subjects earn good feelings.