Wait, do you think value uncertainty is equivalent/reducible to uncertainty about the correct prior?
Yep. Value uncertainty is reduced to uncertainty about the correct prior via the device of putting the correct values into the world as propositions.
Would that mean the correct prior to use depends on your values?
If we construe “values” as preferences, this is already clear in standard decision theory; preferences depend on both probabilities and utilities. UDT further blurs the line, because in the context of UDT, probabilities feel more like a “caring measure” expressing how much the agent cares about how things go in particular branches of possibility.
So one conflicting pair spoils the whole thing, i.e. ignoring the pair is a pareto improvement?
Unless I’ve made an error? If the Pareto improvement doesn’t impact the pair, then gains-from-trade for both in the pair is zero, making the product of gains-from-trade zero. But the Pareto improvement can’t impact the pair, since an improvement for one would be a detriment to the other.
Yep. Value uncertainty is reduced to uncertainty about the correct prior via the device of putting the correct values into the world as propositions.
If we construe “values” as preferences, this is already clear in standard decision theory; preferences depend on both probabilities and utilities. UDT further blurs the line, because in the context of UDT, probabilities feel more like a “caring measure” expressing how much the agent cares about how things go in particular branches of possibility.
Unless I’ve made an error? If the Pareto improvement doesn’t impact the pair, then gains-from-trade for both in the pair is zero, making the product of gains-from-trade zero. But the Pareto improvement can’t impact the pair, since an improvement for one would be a detriment to the other.