ozziegooen comments on Reference Frames for Expected Value - LessWrong

3 Post author: ozziegooen 16 March 2014 07:22PM

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Comment author: shminux 17 March 2014 01:23:49AM -1 points [-]

Optimizing Future Decisions: Actual vs. Expected Value

Not sure what you mean here. Future is never actual, only expected (or, more often, unexpected).

Comment author: ozziegooen 17 March 2014 01:37:31AM 0 points [-]

This just has to do with a question that was a poorly question to begin with. When one makes decisions, should they optimize for 'expected value' or 'actual value'. The answer is that the 'actual value' is obviously unknowable, so it's a moot question. That said, I've discussed this with people who weren't sure, so wanted to make this clear.

I call these "future decisions" to contrast them with 'past decisions' which can't really be made but judged, as they have already occurred.

Comment author: DefectiveAlgorithm 17 March 2014 04:28:31PM *  0 points [-]

Isn't expected value essentially 'actual value, to the extent that it is knowable in my present epistemic state'? Expected value reduces to 'actual value' when the latter is fully knowable.

EDIT: Oh, you said this in the post. This is why I should read a post before commenting on it.