One rule with this proper property is to pay a dollar minus the squared error of the bet, rather than the bet itself—if you bet 30 cents on the winning light, your error would be 70 cents, your squared error would be 49 cents ((0.7)^2 = 0.49), and a dollar minus your squared error would be 51 cents.[3] (Presumably your play money is denominated in the square root of cents, so that the squared error is a monetary sum.)
Isn’t the squared-error rule only proper for ? For example, the frequencies give as an optimal bet when minimizing .
Having to find meaning in a solved world is itself a difficult puzzle :) I agree the current world has many problems, and when these problems no longer exist, we’ll have the new problem of not having meaningful problems. But I just consider this a new, interesting meta-problem to work and reflect on.
One can argue that the current problems (curing cancer, ending wars,...) are theoretically solvable but that the future problem of no meaning is inherently unsolvable. I am skeptical, though—we haven’t looked into this problem enough, and historically many “fundamentally unsolvable problems” were eventually solved.