A lot of rationalist thinking about ethics and economy assumes we have very well defined utility functions - knowing exactly our preferences between states and events, not only being able to compare them (I prefer X to Y), but assigning precise numbers to every combinations of them (p% chance of X equals q% chance of Y). Because everyone wants more money, you should theoretically even be able to assign exact numerical values to positive outcomes in your life.
I did a small experiment of making a list of things I wanted, and giving them point value. I must say this experiment ended up in a failure - thinking "If I had X, would I take Y instead", and "If I had Y, would I take X instead" very often resulted in a pair of "No"s. Even thinking about multiple Xs/Ys for one Y/X usually led me to deciding they're really incomparable. Outcomes related to similar subject were relatively comparable, those in different areas in life were usually not.
I finally decided on some vague numbers and evaluated the results two months later. My success on some fields was really big, on other fields not at all, and the only thing that was clear was that numbers I assigned were completely wrong.
This leads me to two possible conclusions:
- I don't know how to draw utility functions, but they are a good model of my preferences, and I could learn how to do it.
- Utility functions are really bad match for human preferences, and one of the major premises we accept is wrong.
Anybody else tried assigning numeric values to different outcomes outside very narrow subject matter? Have you succeeded and want to share some pointers? Or failed and want to share some thought on that?
I understand that details of many utility functions will be highly personal, but if you can share your successful ones, that would be great.
It's still possible to prefer this state of affairs to one where they are beating me because they are contemptuous of me. Remember, we're talking about a function from some set X to the real numbers, and we're trying to figure out what sorts of things are members of X. In general, people do have preferences about the way things actually are.
But my spouse won't, and I have preferences about that fact. All other things being equal, my preference ordering is "my spouse never cheats and I believe my spouse never cheats" > "my spouse cheats and I find out" > "my spouse cheats and I believe my spouse never cheats" > "my spouse never cheats but I believe she does". If a utility function exists that captures this preference, it will be a function that takes both reality and my map as arguments.
Right, which is where this veers off into "hypothetical word-arguments" for me, because the entire point I'm making is that all your preferences are still about the map, no matter how many times you point t... (read more)