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I wonder how widely the concept of expected value is discussed outside of poker or statistics. Simple concept, but it can really help with all kinds of decision
by hallway_monitor 6y ago
I wonder how widely the concept of expected value is discussed outside of poker or statistics. Simple concept, but it can really help with all kinds of decisions in life.
- laurent92 6y agoHi all 3 parents, I agree! 1. It’s incredibly good that the startup founders were actually honest (no last-moment dilution), 2. Stock valuation is poker, although a bit more when you know the company from inside, 3. I’m incredibly thankful towards the owners (Although I’ll hide their name because I don’t have perfect reputation), 4. I’m incredibly thankful towards the economic system which allows us to get at least that. I just wanted to give an example where leaving early wasn’t the perfect choice. But it was as optimized as could be.