Me: “in principle you ought to consider the entire state of the future universe when you set a terminal value.”
Douglas: ‘Yes, and in practice we don’t. But as I look further into the future to see the consequences of my terminal value(s), that’s when the trouble begins.’
Me: “in principle you ought to consider the entire state of the future universe when you set a terminal value.”
Douglas: ‘Yes, and in practice we don’t. But as I look further into the future to see the consequences of my terminal value(s), that’s when the trouble begins.’
Me: Doctor, it hurts when I do this.
Doctor: Then don’t do that.