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TheOtherDave comments on When is it ever rational to enter a sweepstakes where you may have a 1/10,000 chance of winning? - Less Wrong Discussion

0 Post author: InquilineKea 13 April 2011 06:43AM

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Comment author: TheOtherDave 14 April 2011 02:28:37AM 4 points [-]

I would not call what utility theory explains in this case a quirk. Ten billion dollars are not actually ten thousand times more useful to me than a million dollars, and as a rational person I should presumably care about utility more than dollars.