3min chapter

80,000 Hours Podcast cover image

#98 – Christian Tarsney on future bias and a possible solution to moral fanaticism

80,000 Hours Podcast

CHAPTER

Is It a Good Idea to Choose a Stochastically Dominant Option?

The idea that you shouldn't choose a stocastically dominated option just seems extremely compelling, so powerful. One of the major motivations for this project is that this phenomenon of background uncertainty inducing starcastic dominance sort of happens really easily when you're thinking about moderate probabilities of medium sized pay offs. And then when you hold fixd the expected value of an option, but you get that expected value from smaller and smaller probabilities of larger and larger pay offs,. As you do that sort of pascalian transformation on an option, it takes more and more and more background uncertainty to make it stocastically dominant.

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