Reductionist utilitarian models are like play-dough. They’re fun and easy to work with, but useless for doing anything complicated and/or useful.
Perhaps in 100-200 years our understanding of neurobiology or psychometrics will be good enough for utilitarian modelling to become relevant to real life, but until then I don’t see any point getting on the train.
The fact that intelligent, well-meaning individuals are wasting their time thinking about the St Petersburg paradox is ironically un-utilitarian; that time could be used to accomplish tasks which actually generate wellbeing.
Reductionist utilitarian models are like play-dough. They’re fun and easy to work with, but useless for doing anything complicated and/or useful.
Perhaps in 100-200 years our understanding of neurobiology or psychometrics will be good enough for utilitarian modelling to become relevant to real life, but until then I don’t see any point getting on the train.
The fact that intelligent, well-meaning individuals are wasting their time thinking about the St Petersburg paradox is ironically un-utilitarian; that time could be used to accomplish tasks which actually generate wellbeing.