I didn’t mean to imply nonlinear functions are bad. It’s just how humans are.
Picking gambles 1A and 2B, on the other hand, cannot be described by any utility function.
Prospect Theory describes this and even has a post here on lesswrong. My understanding is that humans have both a non-linear utility function as well as a non-linear risk function. This seems like a useful safeguard against imperfect risk estimation.
[Insurance is] not a Dutch Book in the usual sense: it doesn’t guarantee either side a profit.
If you setup your books correctly, then it is guaranteed. A dutch book doesn’t need to work with only one participant, and in fact many dutch books only work with on populations rather than individuals, in the same way insurance only guarantees a profit when properly spread across groups.
This is my main question. I’ve never seen anything to imply that multi-day workshops are effective methods of learning. Going further, I’m not sure how Less Wrong supports Spaced Repetition and Distributed Practice on one hand, while also supporting an organization that’s primary outreach seems to be crash courses. It’s like Less Wrong is showing a forum wide cognitive dissonance that nobody notices.
That leaves a few options:
I’m wrong (though I consider it highly unlikely)
CFAR never bothered to look it up or uses self selection to convince themselves it’s effective
CFAR is trying to optimize for something aside from spreading rationality, but they aren’t actually saying what.