3 ms·
isn't this also how people loose stock competitions?
by froh 6y ago
isn't this also how people loose stock competitions?
- Aunche 6y agoLosing doesn't cost anything because you aren't playing with real money. You get the same payout from -100% returns as you would with 20% returns.
- praptak 6y agoThe argument even applies to competitions where you play with your own real money. Any non-zero prize moves the slider a bit towards the riskier strategies.
- praptak 6y agoYeah, but it's kind of a Pascal's Wager: Normal investment: maximize expected profit Competition investment: maximize the probability of your profit being the best in the pool Normal strategy: 100% chance of losing the competition. Extremely risky strategy: 99.99% of losing - who cares by how much? There's this 0.01% of winning and it's all that matters.