Paul_Crowley2 comments on The Allais Paradox - Less Wrong

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

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Comment author: Paul_Crowley2 19 January 2008 12:06:31PM 6 points [-]

The large sums of money make a big difference here. If it were for dollars, rather than thousands of dollars, I'd do what utility theory told me to do, and if that meant I missed out on $27 due to a very unlucky chance then so be it. But I don't think I could bring myself to do the same for life-changing amounts like those set out above; I would kick myself so hard if I took the very slightly riskier bet and didn't get the money.