Your loss function does not influence your beliefs, only your actions.

Yes, but actions is what you should care about -- if these are determined, your beliefs (which in this case do not pay rent) don't matter much.

If your loss function is severely skewed, you do NOT want to be unbiased.

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Actions is what you should care about -- if these are determined, your beliefs (which in this case do not pay rent) don't matter much.

So why would I want to bias myself after I've decided to take excessive precautions?

I think we're in agreement btw, we care about actions, and if you have a very skewed loss function then it is rational to spend a lot of effort on improbable scenarios in which you lose heavily, which from the outside looks similar to a person with a less skewed ... (read more)

Rationality Quotes Thread March 2015

by Vaniver 1 min read2nd Mar 2015235 comments

8


Another month, another rationality quotes thread. The rules are:

  • Please post all quotes separately, so that they can be upvoted or downvoted separately. (If they are strongly related, reply to your own comments. If strongly ordered, then go ahead and post them together.)
  • Do not quote yourself.
  • Do not quote from Less Wrong itself, HPMoR, Eliezer Yudkowsky, or Robin Hanson. If you'd like to revive an old quote from one of those sources, please do so here.
  • No more than 5 quotes per person per monthly thread, please.
  • Provide sufficient information (URL, title, date, page number, etc.) to enable a reader to find the place where you read the quote, or its original source if available. Do not quote with only a name.