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James_Miller comments on A hypothetical question for investors - Less Wrong Discussion

3 Post author: bokov 03 December 2014 04:39PM

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Comment author: James_Miller 03 December 2014 05:02:57PM 0 points [-]

Undetermined unless you specify my utility function. Would, for example, I prefer having $1000, with certainty or having a 50% chance of $900 and a 50% chance of $1200; also how much do I care about the future? Also, even though my crystal ball works only for the following day, I still must have some beliefs about what will happen in the future.