DanielVarga comments on Zeckhauser's roulette - Less Wrong Discussion
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There is a clever reformulation by a Michael Dekker at Landsburg's blog:
Note that you only pay if you win. It's very clever, but slightly incomplete. When he wrote "what do you offer?", he really meant "at what $x amount are you indifferent between offering and not not offering the money?". Is there a way to fix this annoyance, and really formulate the question as a "what do you offer?".
Of course, there are many plausible utility functions that make it cease to be an equivalent reformulation. For example, if you don't like giving money to murderers and kidnappers. Or the kind of loss aversion that I discussed.
I agree. But am I wrong to think that your exchange with steven0461 already cleared this up as much as it is possible?
By the way, it is amusing that Michael Dekker got his version by getting rid of the blood in Zeckhauser's version, and Zeckhauser got his version by adding some blood to Allais' version.