3 ms·
Utility of money is nonlinear, so it could be rational to throw out a small amount of money for the expectation of large payoff. Of course, it means you should
by red75prime 9y ago
Utility of money is nonlinear, so it could be rational to throw out a small amount of money for the expectation of large payoff. Of course, it means you should never play again, when you have thrown out sufficiently large quantity of money.