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Originally Posted by cypher197
Perhaps. Personally, I believe this is the true reality, but I am unwilling to rest a moral theory upon the infallibility of my senses, since my senses are fallible.
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I agree, then you should rest your theory on rationalism. One can rationally and more importantly: mathematically, prove the existence of this and other dimensions.
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While the potential long-term outcomes are highly unpredictable, short-term outcomes are much more predictable. Long-term outcomes themselves are made of collections of short-term outcomes over time. 
Consider cutting off a man's leg with an ax. You do not know that in his specific situation, cutting off his leg will not cause a chain of events that leads to him enjoying life greatly. You do know, from observation, that losing one's limbs tends to be a frightful experience with negative long-term consequences, one which is not yet apparently reversible. Maybe he'll win the lottery, maybe he'll swear revenge on your life, but probably, it will be a negative overall action.
Either way, with good enough models, acting to create a desirable short-term outcome is preferred to paralysis.
Remember that in certain consequentialist ethical theories, the "goodness" of an action is a continuum.
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Because value it's subjective, the value of a experience it's also subjective namely determined by perspective. The external factors will always be out of our control, is what I mean to say. The usefulness of something it's only a subjective value relating to it being a mean for an end. It's the the contrast of these two elements, the will of the individual and the events that surround him. The greater "good" that an event has on a subject it's ultimately determined by himself.
But following Utilitarianism we would have to measure the greater good of the majority with evil. It would also have to extend to other realities, which is probably the hardest point your philosophy would have to get across.
It would be better to held Utilitarianism as a personal ideal, instead of an absolute moral.