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Kevin Dick's avatar

Why do you think, "Standard decision theory says that basic values should be constant, and not change when you learn new things about the world."?

Decision theory was my concentration in graduate school (albeit circa 1990) and I don't recall this. For any given decision problem, you had to assume that you could apply the same value function to all outcomes. But there was no restriction that different decision problems couldn't use different value functions. As a practical applied matter, the usual case was actually different value functions across problems.

Now, if the value function changes across problems, the decisions in those problem may not be consistent. But if you come to believe that your previous value function was in error, that's a feature, not a bug.

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TGGP's avatar

You could have linked to this on laziness and excessive discounting of the future https://www.overcomingbias.com/p/culture-drift-predicts-decadence

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