3 ms·
The reasoning doesn't break down in the long term. If you repeatedly bet your entire fortune then you will have a very high probability of losing all of it, but
by OscarCunningham 8y ago
The reasoning doesn't break down in the long term. If you repeatedly bet your entire fortune then you will have a very high probability of losing all of it, but you will also have a very small probability of having a huge amount of money. If your utility really is linear then this is worth it.