Z._M._Davis comments on The Allais Paradox - Less Wrong

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

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Comment author: Z._M._Davis 19 January 2008 04:29:50AM 1 point [-]

I think defenses of the subject's choices by recourse to nonmonetary values is missing the point. Anything can be rational with a sufficiently weird utility function. The question is, if subjects understood the decision theory behind the problem, would they still make the same choice? After seeing a valid argument that your preferences make you a money pump, you certainly could persist in your original judgment, by insisting that your feelings make your first judgment the right one.

But seriously?---why?