3 ms·
Your altered game does seem more desirable. But it's still interesting that the expected value calculation is correct yet most people would decline the game as
by jeffreyrogers 8y ago
Your altered game does seem more desirable. But it's still interesting that the expected value calculation is correct yet most people would decline the game as initially proposed.
- nabla9 8y agoAs I said. Temporal discounting explains it well. For normal working age adult the choice in the 10-20 year time horizon is 50% percent change of dying now versus 99% change of living healthy life when not flipping the coin. Living forever healthy forever does not change the near future.