Lumifer comments on Pascal's Mugging, Finite or Unbounded Resources? - Less Wrong Discussion
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Not if you want to make forecasts (= good decisions for the future).
That's when you need to avoid simplistic models which will lead you astray. Your criterion is still the best forecast. Given the high level of uncertainty and noise I am not at all convinced that the more rigor you can bring, the better.
Then that's where we disagree.