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Seems the grown-ups strategy is consistent with https://en.wikipedia.org/wiki/Risk_aversion https://en.wikipedia.org/wiki/Risk_aversion So why is this an artic
by plank 5y ago
Seems the grown-ups strategy is consistent with https://en.wikipedia.org/wiki/Risk_aversion https://en.wikipedia.org/wiki/Risk_aversion
So why is this an article?
- derbOac 5y agoI think it's worth demonstrating this in this kind of context to characterize how children adults might be different. There's a lot of interest in aging and what that means, broadly speaking. However, I agree this involves some fairly broad principles. I think you could even say this is kinda how Bayesian inference works too. If you use a [strongly informative] prior, on average you get a better estimate, but you're taking the gamble that your prior applies.