No. In cryonics we do an explicit cost-benefit calculation in order to see whether we value it enough to spend money that could be used elsewhere. Eliezer is referring to the specific case where something is found to be far less likely than cryonics (which isn't that improbable) but is pursued anyways because the alternative has exactly zero benefit. Such situations almost always ignore some cost or benefit in order to rationalize a choice despite ~0 probability.
Today's post, Just Lose Hope Already, was originally published on 25 February 2007. A summary (taken from the LW wiki):
Discuss the post here (rather than in the comments to the original post).
This post is part of the Rerunning the Sequences series, where we'll be going through Eliezer Yudkowsky's old posts in order so that people who are interested can (re-)read and discuss them. The previous post was Politics is the Mind-Killer, and you can use the sequence_reruns tag or rss feed to follow the rest of the series.
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