By definition, what people optimize for IS utility. People are broken; It's not mis-optimizing, it's mis-wanting!https://twitter.com/davidmanheim/status/653992257108901888 …
@ConnorFlexman OK, but it's a biased estimator.
And preferences are inconsistent, which just means utility doesn't follow assumptions.
-
-
@MakerOfDecision Absolutely. Reducing the bias is important, and much advice, incl valuing long-term > short-term, is aimed at addressing it -
@MakerOfDecision What do you mean by utility not following assumptions? Just unclear from my end - 3 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.