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If there's confidence in this distribution, you make a pool of people who take these bets & divide the result
by __s 6y ago
If there's confidence in this distribution, you make a pool of people who take these bets & divide the result
- loup-vaillant 6y agoSuccessful societies do exactly that. It's called taxes. As for what a realistic bet would look like (you're founding a startup or something), I believe the expectation is often not much greater than 1, so one does not simply found 100 startups and distribute the income of the 5 successful ones to everyone else. (And even if it is, the people capable of founding startups often have steadier, though less impressive, means of increasing their wealth. Startups are often founded for reasons other than wealth, after all.)