You're looking at Less Wrong's discussion board. This includes all posts, including those that haven't been promoted to the front page yet. For more information, see About Less Wrong.

Lumifer comments on Median utility rather than mean? - Less Wrong Discussion

6 Post author: Stuart_Armstrong 08 September 2015 04:35PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Article Navigation

Comments (86)
Tags: utility axioms mean expected expectation median

Comments (86)

You are viewing a single comment's thread. Show more comments above.

Comment author: V_V 09 September 2015 09:08:14AM -1 points [-]

As the Wikipedia says, "If the distribution has finite variance". That's not necessarily a good assumption.

In fact, "Pascal's mugging" scenarios tend to pop up when you allow for utility distributions with infinite variance.

Comment author: Lumifer 09 September 2015 04:30:09PM 1 point [-]

For Pascal's Muggings I don't think you care that much about variance -- what you want is a gargantuan skew.

Powered by Reddit Powered by Reddit