SecondWind comments on The Pascal's Wager Fallacy Fallacy - Less Wrong
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If you'd be rationally compelled to buy one low-cost ticket, then after you've bought the ticket you should be rationally compelled to buy a ticket. And then rationally compelled to buy a ticket.
Sure, at each step you're approaching the possibility with one fewer dollar, but by your phrasing, the number of dollars you have does not influence your decision to buy a ticket (unless you're broke enough that $1 is not longer a relatively inconsequential amount of money). This method seems to require an injunction against iteration.