There is a demonstration of exactly this in Eliezer’s post from 2008 about the Allais paradox.
(Eliezer modified the numbers a bit, compared with other statements of the Allais paradox that I’ve seen. I don’t think this makes a substantial difference to what’s going on.)
In Eliezer’s formulation, I pay him two cents, and then he pays me tens of thousands of dollars. That doesn’t sound like a very convincing exploit.
And if we move the payoffs closer to zero, I expect that the paradox disappears.
Current theme: default
Less Wrong (text)
Less Wrong (link)
Arrow keys: Next/previous image
Escape or click: Hide zoomed image
Space bar: Reset image size & position
Scroll to zoom in/out
(When zoomed in, drag to pan; double-click to close)
Keys shown in yellow (e.g., ]) are accesskeys, and require a browser-specific modifier key (or keys).
]
Keys shown in grey (e.g., ?) do not require any modifier keys.
?
Esc
h
f
a
m
v
c
r
q
t
u
o
,
.
/
s
n
e
;
Enter
[
\
k
i
l
=
-
0
′
1
2
3
4
5
6
7
8
9
→
↓
←
↑
Space
x
z
`
g
There is a demonstration of exactly this in Eliezer’s post from 2008 about the Allais paradox.
(Eliezer modified the numbers a bit, compared with other statements of the Allais paradox that I’ve seen. I don’t think this makes a substantial difference to what’s going on.)
In Eliezer’s formulation, I pay him two cents, and then he pays me tens of thousands of dollars. That doesn’t sound like a very convincing exploit.
And if we move the payoffs closer to zero, I expect that the paradox disappears.