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 Iterated Gambles and Expected Utility Theory - Less Wrong Discussion

1 Post author: Sable 25 May 2016 09:29PM

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

Comments (43)

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

Comment author: Lumifer 26 May 2016 08:58:49PM 3 points [-]

Dollars are fungible.

But your position on the timeline is not. Context matters, even in the crude maximize-expected-utility approach because you need to know your wealth at the time of the decision.