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DanielLC comments on Open Thread for January 17 - 23 2014 - Less Wrong Discussion

3 Post author: niceguyanon 17 January 2014 01:26PM

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Comment author: DanielLC 21 January 2014 12:23:37AM 0 points [-]

The aversion is different if it's a loss or a gain, which shows that you can't entirely fix to problem by renumbering the probabilities, but people are averse to loss either way.

Although that makes me wonder: does confidence change based on whether it's modeled as a loss or a gain?