When I read the beginning of this post I asked myself, “if people don’t have utility functions, why haven’t LWers gotten rich by constructing Dutch books against people?”
I answered myself, “in practice, most people will probably ignore clever-looking bets because they’ll suspect that they’re being tricked. One way to avoid Dutch books is to avoid bets in general.”
When I read the beginning of this post I asked myself, “if people don’t have utility functions, why haven’t LWers gotten rich by constructing Dutch books against people?”
I answered myself, “in practice, most people will probably ignore clever-looking bets because they’ll suspect that they’re being tricked. One way to avoid Dutch books is to avoid bets in general.”