One point that’s clearly wrong is that risk-attitude matters for which solution is correct, whatever the other elements of this analysis mean.
I don’t see how you could possibly know that without knowing where the error in my reasoning is unless you already know with high confidence that in the correct solution the options are either nowhere close to being balanced or identical in every way anyone with consistent preferences could possibly care about. That would imply that you already know the correct solution and are just testing us. Why don’t you simply post it here (at least rot13ed)? Wouldn’t that greatly facilitate determining whether other solutions are due to misunderstandings/underspecifications of the problem statement or errors in reasoning?
I don’t see how you could possibly know that without knowing where the error in my reasoning is unless you already know with high confidence that in the correct solution the options are either nowhere close to being balanced or identical in every way anyone with consistent preferences could possibly care about.
That’s the case. Updateless analysis is pretty straightforward, see shokwave’s comment. Solving the thought experiment is not the question posed by the post, just an exercise.
(Although seeing the difficulty many readers had with interpreting the intended setup of the experiment, including a solution might have prevented such misunderstanding. Anyway, I think the description of the thought experiment is sufficiently debugged now, thanks to feedback in the comments.)
This raised by confidence that I’m right and both of you are wrong (I had updated based on your previous comment to 0.3 confidence I’m right, now I’m back to 0.8). Skokwave’s analysis would be correct if Q was different in the counterfactual world. I’m going to reply there in more detail.
I don’t see how you could possibly know that without knowing where the error in my reasoning is unless you already know with high confidence that in the correct solution the options are either nowhere close to being balanced or identical in every way anyone with consistent preferences could possibly care about. That would imply that you already know the correct solution and are just testing us. Why don’t you simply post it here (at least rot13ed)? Wouldn’t that greatly facilitate determining whether other solutions are due to misunderstandings/underspecifications of the problem statement or errors in reasoning?
That’s the case. Updateless analysis is pretty straightforward, see shokwave’s comment. Solving the thought experiment is not the question posed by the post, just an exercise.
(Although seeing the difficulty many readers had with interpreting the intended setup of the experiment, including a solution might have prevented such misunderstanding. Anyway, I think the description of the thought experiment is sufficiently debugged now, thanks to feedback in the comments.)
This raised by confidence that I’m right and both of you are wrong (I had updated based on your previous comment to 0.3 confidence I’m right, now I’m back to 0.8). Skokwave’s analysis would be correct if Q was different in the counterfactual world. I’m going to reply there in more detail.