IIRC, Peter de Blanc told me that any consistent utility function must have an upper bound (meaning that we must discount lives like Steve suggests). The problem disappears if your upper bound is low enough. Hopefully any realistic utility function has such a low upper bound, but it’d still be a good idea to solve the general problem.
Nick, please see my blog (just click on my name). I have a post about this.
IIRC, Peter de Blanc told me that any consistent utility function must have an upper bound (meaning that we must discount lives like Steve suggests). The problem disappears if your upper bound is low enough. Hopefully any realistic utility function has such a low upper bound, but it’d still be a good idea to solve the general problem.
Nick, please see my blog (just click on my name). I have a post about this.