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The experimental setup isn't great: the HN population almost certainly has an elevated level of education in areas like math and statistics. I don't think you s
by herf 16y ago
The experimental setup isn't great: the HN population almost certainly has an elevated level of education in areas like math and statistics. I don't think you should ever compare subjects who can compute "expected value" with ones who can't. Personally, I don't believe I can give great answers for this, because I'm conscious there's an experiment going on.
- siglesias 16y agoHere's a question: how does this assertion sync with Arrington's claim that entrepreneurs would choose low-to-negative expected value projects simply for the thrill of gambling, as it were? What's going on here?
- zzleeper 16y agoHi Samuel, I think entrepreneurs are not so enthused over gambling as you would believe (gambling as in casinos & slots, or an online questionnaire). I think that what matters more is the intrinsic value of building something, but I'm not sure about how to measure it..
- JoeAltmaier 16y agoI abhor gambling - risk assumed for Nothing - except entertainment. Shudder. I'm a serial lifetime Entrepreneur.