You somehow make an assumption that making a fault of calculating the utility of the lottery ticket to low is more likely than making a fault of calculating it to high.
In principle those two sorts of possible errors should balance each other out.
I make no such point. If you read the post, nowhere do I assume any specific relation between [p(L)*j—t] and e—my point is specifically that you should use something with no dependence on your calculation (and strictly more reliable) to draw conclusions from when you’re not sure.
You somehow make an assumption that making a fault of calculating the utility of the lottery ticket to low is more likely than making a fault of calculating it to high.
In principle those two sorts of possible errors should balance each other out.
I make no such point. If you read the post, nowhere do I assume any specific relation between [p(L)*j—t] and e—my point is specifically that you should use something with no dependence on your calculation (and strictly more reliable) to draw conclusions from when you’re not sure.