Houshalter comments on Bayes’ Theorem Illustrated (My Way)

[Houshalter]

I’m not sure I understand. Why put a constraint on the reward, and even if you do, why pick some arbitrary value?

[komponisto]

That’s my question for you! I was attempting to explain the intuition that generated these remarks of yours:

The risk for doing it is also really high, but… the bayesian utility function will evaluate it as acceptable because of the [extraordinarily large] reward involved. On paper, this works out...But in practice most people consider this a very bad course of action