Phirand_Ice comments on The Allais Paradox - Less Wrong

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

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Comment author: Phirand_Ice 24 January 2008 04:13:00PM 0 points [-]

Surely the answer is dependednat on goal criterion. If the goal is to get 'some' money then the 100% option and the 34% options are better. If your goal is get 'the most' money then the 97% and the 33% options are better. However the goal might be socially construictued. This reminded me of John Nash whom offered one of his sectraries $15 dollars if she shared it equally with a co-worker but $10 if she kept it for her-self. She took the $15 and split it with her co-worker. She chose an option that maximised her social capital but was a weaker one economically.