Wei_Dai comments on Open thread, August 26 - September 1, 2013 - Less Wrong Discussion
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You may be interested in Yvain's Blue-Minimizing Robot sequence, which addresses these concerns. To read it, go to http://lesswrong.com/user/Yvain/submitted/?count=25&after=t3_8kn, and read the posts from "The Blue-Minimizing Robot" to "Tendencies in reflective equilibrium".
Thanks! I've read some of the stuff by Yvain but not these posts.