
Ep 130: Steven Pinker’s ”Rationality” Ch 6 ”Risk and Reward” (Rational Choice & Expected Utility). Analysis.
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Is There a Rational Chooser in a Casino?
A rational chooser is a utility maximiser, and vice versa. And goes on to be concrete. Consider a choice between games and a casino. How good is a casino a model of real life? A casino has fixed odds - always in the favor of the house. They know that they are going to win. It's as if the world is one big casino. You can't add emotion to something. So you just are the emotion at that particular time youre conscious of a particular feeling,. so therefore you choose the thing that seems to you most preferable. That's the best explanation. To be concrete. He says, consider a choice between s in a casino. Sai to be
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