If you use a bounded utility function, it will inevitably be saturated by unlikely but high-utility possibilities, rendering it useless.
For any possible world W, |P(W) BoundedUtility(W)| < |P(W) UnboundedUtility(W)| as P(W) goes to zero.
Why?
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If you use a bounded utility function, it will inevitably be saturated by unlikely but high-utility possibilities, rendering it useless.
For any possible world W, |P(W) BoundedUtility(W)| < |P(W) UnboundedUtility(W)| as P(W) goes to zero.
Why?