selylindi comments on CEV: coherence versus extrapolation - Less Wrong Discussion
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(paraphrased quote)
That's the generic concern. The only way to circumvent the concern seems to be to have all the relevant pieces of knowledge, including about what we really want and how we'd react to getting it. But that's not knowledge we're able to have. We'll be left with critical engineering choices underconstrained by our knowledge. Well worth being nervous about, but also worth suggesting possible improvements to the engineering choice, I suppose. :(