Risk Budgets vs. Basic Decision Theory
I've been wondering about the decision theory of having a "risk profile", e.g. "200 microcovids per week", and at least under some simplistic but not unreasonable assumptions I don't think it makes sense. Let's say we just have one activity A which yields some fixed positive utility U but has...
Ok, so I'm guessing your position is that a) you, having read Nonlinear's reply, continue to believe that most of what Ben relayed from Alice was true, and b) if a few things turn out to be untrue it's not a big deal because it doesn't change the overall story, and in any case Ben admitted that Alice might be unreliable.
I'm not entirely sure how you weigh (a) and (b) but it makes more sense to me if your crux is (a), that most of Alice's claims are true. For that, I'm not sure where to start; as far as I've seen they all seem to be false. I guess we could... (read more)