You said, “Once promoted to your attention, you notice that the new plan isn’t so much worse after all. The impact vanishes.” Just to clarify, you mean that the negative impact of the original plan falling through vanishes, right?
When I think about the difference between value impact and objective impact, I keep getting confused.
Is money a type of AU? Money both functions as a resource for trading up (personal realization of goals) AND as a value itself (for example when it is an asset).
If this is the case, then any form of value based upon optionality violates the “No ‘coulds’ rule,” doesn’t it?
For example, imagine I have a choice between hosting a rationalist meetup and going on a long bike ride. There’s a 50⁄50 chance of me doing either of those. Then something happens which removes one of those options (say a pandemic sweeps the country or something like that). If I’m interpreting this right, then the loss of the option has some personal impact, but zero objective impact.
Is that right?
Let’s say an agent works in a low paying job that has a lot of positive impact for her clients—both by helping them attain their values and helping them increase resources for the world. Does the job have high objective impact and low personal impact? Is the agent in bad equilibrium when achievable objective impact mugs her of personal value realization?
Let’s take your examples of sad person with (P, EU):
Mope and watch Netflix (.90, 1). Text ex (.06, −500). Work (.04, 10). If suddenly one of these options disappeared is that a big deal? Behind my question is the worry that we are missing something about impact being exploited by one of the two terms which compose it and about whether agents in this framework get stuck in strange equilibria because of the way probabilities change based on time.
Just to clarify, you mean that the negative impact of the original plan falling through vanishes, right?
Yes.
When I think about the difference between value impact and objective impact, I keep getting confused.
Value impact affects agents with goals very similar to yours (e.g. torture of humans on the faraway planet). Think of this as “narrow” impact.
Objective impact matters ~no matter what your goal. Therefore, getting rich is usually objectively impactful. Being unable to do a bunch of stuff because of a pandemic – objectively impactful.
There’s a 50⁄50 chance of me doing either of those. Then something happens which removes one of those options (say a pandemic sweeps the country or something like that). If I’m interpreting this right, then the loss of the option has some personal impact, but zero objective impact.
Is that right?
Not quite – being confined is objectively impactful, and has some narrow value impact (not being able to see your family, perhaps).
Let’s say an agent works in a low paying job that has a lot of positive impact for her clients—both by helping them attain their values and helping them increase resources for the world. Does the job have high objective impact and low personal impact? Is the agent in bad equilibrium when achievable objective impact mugs her of personal value realization?
Just because something has a positive objective impact on me doesn’t mean I haven’t been positively impacted. Value/objective is just a way of decomposing the total impact on an agent – they don’t trade off against each other. For example, if something really good happens to Mary, she might think: “I got a raise (objective impact!) and Bob told me he likes me (value impact!). Both of these are great”, and they are both great (for her)!
You said, “Once promoted to your attention, you notice that the new plan isn’t so much worse after all. The impact vanishes.” Just to clarify, you mean that the negative impact of the original plan falling through vanishes, right?
When I think about the difference between value impact and objective impact, I keep getting confused.
Is money a type of AU? Money both functions as a resource for trading up (personal realization of goals) AND as a value itself (for example when it is an asset).
If this is the case, then any form of value based upon optionality violates the “No ‘coulds’ rule,” doesn’t it?
For example, imagine I have a choice between hosting a rationalist meetup and going on a long bike ride. There’s a 50⁄50 chance of me doing either of those. Then something happens which removes one of those options (say a pandemic sweeps the country or something like that). If I’m interpreting this right, then the loss of the option has some personal impact, but zero objective impact.
Is that right?
Let’s say an agent works in a low paying job that has a lot of positive impact for her clients—both by helping them attain their values and helping them increase resources for the world. Does the job have high objective impact and low personal impact? Is the agent in bad equilibrium when achievable objective impact mugs her of personal value realization?
Let’s take your examples of sad person with (P, EU):
Mope and watch Netflix (.90, 1). Text ex (.06, −500). Work (.04, 10). If suddenly one of these options disappeared is that a big deal? Behind my question is the worry that we are missing something about impact being exploited by one of the two terms which compose it and about whether agents in this framework get stuck in strange equilibria because of the way probabilities change based on time.
Help would be appreciated.
Yes.
Value impact affects agents with goals very similar to yours (e.g. torture of humans on the faraway planet). Think of this as “narrow” impact.
Objective impact matters ~no matter what your goal. Therefore, getting rich is usually objectively impactful. Being unable to do a bunch of stuff because of a pandemic – objectively impactful.
Not quite – being confined is objectively impactful, and has some narrow value impact (not being able to see your family, perhaps).
Just because something has a positive objective impact on me doesn’t mean I haven’t been positively impacted. Value/objective is just a way of decomposing the total impact on an agent – they don’t trade off against each other. For example, if something really good happens to Mary, she might think: “I got a raise (objective impact!) and Bob told me he likes me (value impact!). Both of these are great”, and they are both great (for her)!