The variance is more important than the EV. An individual human is N=1. It's a single trial. You only live once. ;) An example would be taking out a mortgage.

The variance is more important than the EV. An individual human is N=1. It's a single trial. You only live once. ;) An example would be taking out a mortgage. The highest EV is generally mortgaging yourself to the hilt. But in various circumstances, you'll then lose everything. Oh, and during the period you've basically given yourself a guaranteed annual cost you can't discharge without potentially taking huge losses on a house. (In the student loan example, you stay for the period, or you get no fancy bit of paper at all).