Lumifer comments on Iterated Gambles and Expected Utility Theory - Less Wrong

1 Post author: Sable 25 May 2016 09:29PM

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Comment author: Lumifer 26 May 2016 08:58:49PM 3 points [-]

Dollars are fungible.

But your position on the timeline is not. Context matters, even in the crude maximize-expected-utility approach because you need to know your wealth at the time of the decision.