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by kqr
1839 days ago
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More generally, if one views probability as separate from the utility of the outcome it's attached to, one is bound to make bad decisions. Real decision problems contain a lot of nonlinearities if decomposed the wrong way. The only way to decompose it is as a linear combination of probability and utility (because the utility swallows the nonlinearities). But for each component both probability and utility matters in determining the overall value of the decision. |
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