This last paragraph will live in my head forever, but I’m confused how it relates to the rest of the post. Would you agree with the following rephrasing? “Forming incomplete preferences (and thus not optimizing fully) is the easy way out, as it avoids taking some sure losses. But in doing so it also necessarily loses out on sure gains.”
This last paragraph will live in my head forever, but I’m confused how it relates to the rest of the post. Would you agree with the following rephrasing? “Forming incomplete preferences (and thus not optimizing fully) is the easy way out, as it avoids taking some sure losses. But in doing so it also necessarily loses out on sure gains.”
Thank you! Yeah that’s the gist.
[but should rephrase with ‘necessarily loses out on sure gains’ by ‘in (generically?) many environments loses out on sure gains’]