Ian_Maxwell comments on The Allais Paradox - Less Wrong

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

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Comment author: Ian_Maxwell 20 January 2008 05:34:48AM 1 point [-]

"Nainodelac and Tarleton Nick": This is not about risk aversion. I agree that if it is vital to gain at least $20,000, 1A is a superior choice to 1B. However, in that case, 2A is also a superior choice to 2B. The error is not in preferring 1A, but in simultaneously preferring 1A and 2B.