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magfrump comments on The Value of Theoretical Research - Less Wrong Discussion
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I feel the same way you do, including the last paragraph, with a possible exception: I do not endorse the fact that I am a bad utilitarian.
Because of this I'm currently attempting to invoke a crisis moment in which I can effectively change fields, although I suspect that I will stay in graduate school to get my Ph.D. and use the opportunity to get more of an education.