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If you were paying 50$ to play this game, you would have to play around 2^50 (each time paying 50$) times to even break even! I think the article is a good illu
by thetruthseeker1 11y ago
If you were paying 50$ to play this game, you would have to play around 2^50 (each time paying 50$) times to even break even! I think the article is a good illustration of how expected value can't be really used as the only parameter.
- AstralStorm 11y agoExpected value is limit at infinity. Instead, you should use ergodic theory expected value, which takes number of plays into account. Then the result is a simple log function.
- caf 11y agoIt is debatable which is the more unlikely out of the two premises "The entire world puts up their GDP for a year to back the game against a player paying $50" and "The game is played around 2^50 times".