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Douglas_Knight comments on Unconditionally Convergent Expected Utility - Less Wrong Discussion

10 Post author: DanielLC 11 June 2011 08:00PM

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Comment author: Douglas_Knight 12 June 2011 09:58:24PM 0 points [-]

The vNM argument only uses preference over lotteries with finitely many possible outcomes to assign utilities to pure outcomes. One can use measure theory arguments to pin down the expected utilities of other lotteries. That some lotteries have infinite value does not seem to me to be a big problem.