That goes hand in hand with his comments about complexity.
The straightforward expected utility analysis doesn’t include the cost of the analysis into the analysis. Nor the increased cost to all subsequent analyses for the uncertainty.
We have limited computational power for executive functions. No doubt we have utility built into us to conserve those limited resources. Most people hate uncertainty and thinking, and they hate it much more than we do. I doubt I’m the only one here who has noticed that.
That goes hand in hand with his comments about complexity.
The straightforward expected utility analysis doesn’t include the cost of the analysis into the analysis. Nor the increased cost to all subsequent analyses for the uncertainty.
We have limited computational power for executive functions. No doubt we have utility built into us to conserve those limited resources. Most people hate uncertainty and thinking, and they hate it much more than we do. I doubt I’m the only one here who has noticed that.