Thanks for this. I didn’t know that option value is a thing in the literature as opposed to just a common pattern in reasoning. Having handles for things is often useful, and I really appreciate it when people help bring those things in explicitly to EA, since like the rationality community I find it has a tendency to reinvent terms for existing things because of unfamiliarity with wider literature (which is not a complaint, since humans have figured out so much stuff, it’s sometimes hard to know that someone else already worked out the same ideas, especially if they did so in a different domain from the one where you are working).
Thanks for your input. Option value struck me as a subject that is not only relevant to EA, but also has not disseminated effectively from the academic literature to a larger audience. It’s very hard to find concrete information on option value outside of the literature. For example, the Wikipedia article on the subject is a garbled mess.
Thanks for this. I didn’t know that option value is a thing in the literature as opposed to just a common pattern in reasoning. Having handles for things is often useful, and I really appreciate it when people help bring those things in explicitly to EA, since like the rationality community I find it has a tendency to reinvent terms for existing things because of unfamiliarity with wider literature (which is not a complaint, since humans have figured out so much stuff, it’s sometimes hard to know that someone else already worked out the same ideas, especially if they did so in a different domain from the one where you are working).
Thanks for your input. Option value struck me as a subject that is not only relevant to EA, but also has not disseminated effectively from the academic literature to a larger audience. It’s very hard to find concrete information on option value outside of the literature. For example, the Wikipedia article on the subject is a garbled mess.