3 ms·
This seems akin to economists claiming that a 10% chance at $10,000,000 is just as good as a guaranteed $1,000,000 because on average you end up with the same a
by Sukotto 16y ago
This seems akin to economists claiming that a 10% chance at $10,000,000 is just as good as a guaranteed $1,000,000 because on average you end up with the same amount of money.
Although it's technically true, any given person is better off choosing the more certain result.
that's my initial gut reaction. Though I should add that my gut reaction has a fairly low success ratio when it comes to statistics.