I would’ve thought that’s where most people’s intuitions differ, though maybe not Vasco’s specific crux.
I think what mostly matters is how fast the difference between the PDF of the value of the future after and before an intervention decays with the value of the future, not the expected value of the future.
Hi Linch,
I think what mostly matters is how fast the difference between the PDF of the value of the future after and before an intervention decays with the value of the future, not the expected value of the future.