It’s acceptable provided that I can accurately measure the outcome. So, I would be willing to e.g. participate in a business venture with payoff (if succesful) of x and known probability p of succeeding provided p*x is better than any other options I have; however, if p is highly uncertain, then I’m wary of it—I don’t trust my judgement, I think it’s too easy to be overconfident. I think I could develop a better attitude about risk, however.
“Make as much money as possible” could probably use some unpacking.
For example, if you go for maximum possibility of a big win, you could also be increasing the odds of making little or nothing. Acceptable?
A more complex question is what’s the most money you could make in some way which would have a high probability of making the world a better place?
It’s acceptable provided that I can accurately measure the outcome. So, I would be willing to e.g. participate in a business venture with payoff (if succesful) of x and known probability p of succeeding provided p*x is better than any other options I have; however, if p is highly uncertain, then I’m wary of it—I don’t trust my judgement, I think it’s too easy to be overconfident. I think I could develop a better attitude about risk, however.