Restructuring your choice to reflect an implication of your claim: You have a piece of chocolate you can eat now, or in one hour you can repeat this decision.
At what point does your utility function say—“Eat this chocolate!”?
You could make the same point with wine in classical physics. It tastes better if you wait longer, but how long should you wait?
You don’t even need an unbounded utility function. Perhaps the value at time t is 1-2^-t.
Restructuring your choice to reflect an implication of your claim: You have a piece of chocolate you can eat now, or in one hour you can repeat this decision.
At what point does your utility function say—“Eat this chocolate!”?
You could make the same point with wine in classical physics. It tastes better if you wait longer, but how long should you wait?
You don’t even need an unbounded utility function. Perhaps the value at time t is 1-2^-t.