They might not be willing to commit 100% to EV maximization no matter how low the probability of making a difference, but entertain EV maximization as one of multiple views over which they have decision-theoretic (normative) uncertainty. Then they want to ensure their actions look good across views they find plausible. That being said, I think itโs the entire portfolio that matters and you would want to be robustly positive over the combined portfolio, not on each individual act in it.
Also, they might think no far future-targeted option looks robustly positive in expectation.
They might not be willing to commit 100% to EV maximization no matter how low the probability of making a difference, but entertain EV maximization as one of multiple views over which they have decision-theoretic (normative) uncertainty. Then they want to ensure their actions look good across views they find plausible. That being said, I think itโs the entire portfolio that matters and you would want to be robustly positive over the combined portfolio, not on each individual act in it.
Also, they might think no far future-targeted option looks robustly positive in expectation.