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Keith_Coffman comments on Reverse engineering of belief structures - Less Wrong Discussion

5 Post author: Stefan_Schubert 26 August 2014 06:00PM

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Comment author: Keith_Coffman 02 September 2014 08:43:38PM 1 point [-]

I agree that it is largely off-topic and don't feel like discussing it further here - I would like to point out that the principle of indifference specifies that your list of possibilities must be mutually exclusive and exhaustive. In practice, when dealing with multifaceted things such as claims about the effects of changing the minimum wage, an exhaustive list of possible outcomes would result in an assignment of an arbitrarily small probability according to the principle of indifference. The end effect is that it's a meaningless assignment and you may as well ignore it.