JDM comments on Circular Altruism - Less Wrong
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It's an extremely hypothetical situation. However, why should it, ignoring externalities as the problem required, be measured at any disutility? That dust speck has no impact on my life in any way, other than making me blink. No pain is involved.
Because it's one of the parameters of the thought experiment that a dust speck causes a miniscule amount of disutility.