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nshepperd comments on Utility is unintuitive - Less Wrong Discussion

-5 Post author: jsteinhardt 09 December 2010 05:39AM

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Comment author: nshepperd 10 December 2010 10:25:13AM *  0 points [-]

A sure loss compared to what? Not taking the bet has a utility too.

A bet that loses 1 util on heads and 2 on tails compared to the status quo would have utilities like:

  • u(heads) = -1
  • u(tails) = -2
  • u(status quo) = 0

Add a constant to all these and the status quo will still be higher.

Comment author: Oscar_Cunningham 10 December 2010 10:27:47AM 1 point [-]

Correct, my mistake.

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