No, if utility is a step function of money, Pavitra’s reasoning agrees with expected utility.
And if there were only two steps...
Right. The assumption is that the final outcome is pass/fail—either you get enough money and the Singularity is Friendly, or you don’t and we all die (hopefully).
The outcome is uncertain. Expected utility of money is certainly not a step function.
And if there were only two steps...
Right. The assumption is that the final outcome is pass/fail—either you get enough money and the Singularity is Friendly, or you don’t and we all die (hopefully).
The outcome is uncertain. Expected utility of money is certainly not a step function.