I don’t mean to say that thinking about the one-shot is dangerous, only that grossly overemphasizing it relative to the iterated might be.
I hear about the one-shot all the time, and the iterated not at all, and I think the iterated is more likely to come up than the one-shot, and I think the iterated is easier to solve than the one-shot, so in all I think it’s completely reasonable for me to want to emphasize the iterated.
The iterated has an easy-to-accept-intuitively solution: don’t just randomly accept blackmail from anyone who offers it, but rather investigate first to see if they constitute a credible threat.
The one-shot Pascal’s Mugging, like most one-shot games discussed in game theory, has a harder-to-stomach dominant strategy: pay the ransom, because the mere claim, considered as Bayesian evidence, promotes the threat to much more likely than the reciprocal of its utility-magnitude.
I don’t mean to say that thinking about the one-shot is dangerous, only that grossly overemphasizing it relative to the iterated might be.
I hear about the one-shot all the time, and the iterated not at all, and I think the iterated is more likely to come up than the one-shot, and I think the iterated is easier to solve than the one-shot, so in all I think it’s completely reasonable for me to want to emphasize the iterated.
Granted! And
tell me more.
The iterated has an easy-to-accept-intuitively solution: don’t just randomly accept blackmail from anyone who offers it, but rather investigate first to see if they constitute a credible threat.
The one-shot Pascal’s Mugging, like most one-shot games discussed in game theory, has a harder-to-stomach dominant strategy: pay the ransom, because the mere claim, considered as Bayesian evidence, promotes the threat to much more likely than the reciprocal of its utility-magnitude.