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jsteinhardt comments on People neglect small probability events - Less Wrong Discussion

11 Post author: XiXiDu 02 July 2011 10:54AM

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Tags: existential risks psychology

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Comment author: jsteinhardt 05 July 2011 07:15:02PM 0 points [-]

Can you elaborate? I don't understand in what sense it is implied.

Comment author: torekp 06 July 2011 02:22:51AM 1 point [-]

Hmm. On further reflection, I now think I was wrong. Maybe Baez translates "utility" as something like "disability-adjusted life years saved." And then he has a nonlinear function from DALYs saved to utility-in-the-technical-sense. Voila, risk aversion (for gambles on DALYs) makes sense.

Comment author: jsteinhardt 06 July 2011 07:05:53PM 0 points [-]

This is roughly what I was thinking, though you have expressed it much more clearly than I did.

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