Yesterday I said: "Rationality is systematized winning"

"But," you protest, "the reasonable person doesn't always win!"

What do you mean by this? Do you mean that every week or two, someone who bought a lottery ticket with negative expected value, wins the lottery and becomes much richer than you? That is not a systematic loss; it is selective reporting by the media. From a statistical standpoint, lottery winners don't exist—you would never encounter one in your lifetime, if it weren't for the selective reporting.

Even perfectly rational agents can lose. They just can't know in advance that they'll lose. They can't expect to underperform any other performable strategy, or they would simply perform it.

"No," you say, "I'm talking about how startup founders strike it rich by believing in themselves and their ideas more strongly than any reasonable person would. I'm talking about how religious people are happier—"

Ah. Well, here's the the thing: An incremental step in the direction of rationality, if the result is still irrational in other ways, does not have to yield incrementally more winning.

The optimality theorems that we have for probability theory and decision theory, are for perfect probability theory and decision theory. There is no companion theorem which says that, starting from some flawed initial form, every incremental modification of the algorithm that takes the structure closer to the ideal, must yield an incremental improvement in performance. This has not yet been proven, because it is not, in fact, true.

"So," you say, "what point is there then in striving to be more rational? We won't reach the perfect ideal. So we have no guarantee that our steps forward are helping."

You have no guarantee that a step backward will help you win, either. Guarantees don't exist in the world of flesh; but contrary to popular misconceptions, judgment under uncertainty is what rationality is all about.

"But we have several cases where, based on either vaguely plausible-sounding reasoning, or survey data, it looks like an incremental step forward in rationality is going to make us worse off. If it's really all about winning—if you have something to protect more important than any ritual of cognition—then why take that step?"

Ah, and now we come to the meat of it.

I can't necessarily an...

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