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Relsqui comments on Boobies and the lottery - Less Wrong Discussion

2 Post author: araneae 09 October 2010 06:18PM

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Comment author: Relsqui 09 October 2010 08:28:54PM 2 points [-]

Actually, what I found striking was this:

It's human nature to go for the lottery item of the thing you actually want. I don't do that.

The expected utility for me of acquiring something I do not want or need is, at most, nothing.

Comment author: Alicorn 09 October 2010 09:25:09PM 1 point [-]

Are you folding in "capable of selling for net gain" to your definition of "want"?

Comment author: Relsqui 09 October 2010 11:00:55PM 1 point [-]

Only when the likely gain exceeds the trouble of entering, winning, collecting, and selling.

Comment author: Alicorn 10 October 2010 12:39:46AM 0 points [-]

Hence "net".

Comment author: Relsqui 10 October 2010 01:50:54AM 0 points [-]

Then, yes, apparently.

Comment author: Tetronian 09 October 2010 08:56:09PM *  1 point [-]

I found that phrase to be a bit contradictory--if you don't want something, why go for it? I suspect the answer is that the original poster assigns utility to winning a lottery regardless of the utility of the prize.

Comment author: Relsqui 09 October 2010 11:01:31PM 0 points [-]

That's certainly the implication--and the point relies on the reader sharing that utility, which I don't believe I do.

Comment author: Tetronian 10 October 2010 02:19:00AM 0 points [-]

...which is why I wasn't too impressed. What would make it more interesting is if the original poster made the normative claim that we should do so. That would generate a more intriguing debate.