4 ms·
Would you pay 5% of your net worth for a 10% chance of recovery?
by tlb 9y ago
Would you pay 5% of your net worth for a 10% chance of recovery?
- AstralStorm 9y ago10% chance of recovery when? You can't talk about probability of a continuous unbounded time process without specifying a timeframe. Otherwise you end up with 100% or 0% as only possible answers.
- tlb 9y agoThat's true of a stationary Poisson process. But this is more like a race between two processes: developing the restoration tech vs. society collapsing or a fire in the storage facility. It's perfectly valid to talk about the probability of one continuous unbounded time process happening before another.
- prepend 9y agoCertainly. But I wouldn’t pay 5% of my net worth for a 0.0000000001% chance of recovery. As it is now, the chance of recovery is approaching 1 ininfinity. You’re just as likely to be “recovered” from a photograph. Or from your Facebook profile. Or by tracing neutrinos that passed through you during your lifetime. Or a rock with your name written on it with a sharpie. All of these things have the same evidenced probability of assisting with your recovery.