billswift comments on Post Your Utility Function - Less Wrong

28 Post author: taw 04 June 2009 05:05AM

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Comment author: billswift 04 June 2009 07:39:28AM 2 points [-]

This is similar to one problem Austrians have with conventional economics. They think the details of transactions are extremely important and that too much information is lost when they are aggregated in GDP and the like; more information than the weak utility of the aggregates can justify.