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nyan_sandwich comments on Irrational hardware vs. rational software - Less Wrong Discussion

-10 Post author: tygorton 22 May 2012 06:52AM

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Comment author: [deleted] 22 May 2012 05:55:31PM *  1 point [-]

careful with your utility function. You need utility to be linear over money to do expected value.

If your goal is to be a billionaire, the ev of the lottery is 1e-6 and the ev of the solid investment is 0. (assigning utility 1 to state of being billionaire and 0 otherwise)