Your loss function does not influence your beliefs, only your actions.
Yes, but actions is what you should care about -- if these are determined, your beliefs (which in this case do not pay rent) don't matter much.
If your loss function is severely skewed, you do NOT want to be unbiased.
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Actions is what you should care about -- if these are determined, your beliefs (which in this case do not pay rent) don't matter much.
So why would I want to bias myself after I've decided to take excessive precautions?
I think we're in agreement btw, we care about actions, and if you have a very skewed loss function then it is rational to spend a lot of effort on improbable scenarios in which you lose heavily, which from the outside looks similar to a person with a less skewed ...
Another month, another rationality quotes thread. The rules are: