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taw comments on Post Your Utility Function - Less Wrong
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Are you assuming your utility function for Xs and Ys is linear?
If X is "houses" and Y is "cars", and someone starts with one of each, how many people would gain utility from trading their only house for more cars or their only car for more houses?
Another obvious trick of thinking about lotteries was even worse - I cannot get myself to do any kind of high-value one-off lottery thinking because of risk aversion, and low-value many-attempts lotteries are just like having EN Xs with some noise.