4 ms·
Utility weighting is fine and good, but rationality in the long term is definitely constrained by uncertainty. Rationality cannot be perfectly optimal, because
by abakker 8y ago
Utility weighting is fine and good, but rationality in the long term is definitely constrained by uncertainty. Rationality cannot be perfectly optimal, because perfection would require closed ended choices. If you don't know the size of a factor like uncertainty, you cannot rationally assign it a utility weight.
- dragonwriter 8y ago> Rationality cannot be perfectly optimal, because perfection would require closed ended choices. Rationality is, by definition, perfectly optimal, though you describe succinctly why it cannot actually exist, only at best be approximated.