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Thanks, I enjoyed that. I suppose the one issue with the dialogue is that as the mugger increases the payoff, it would only make sense to decrease the likelihoo
by jamesbkel 15y ago
Thanks, I enjoyed that.
I suppose the one issue with the dialogue is that as the mugger increases the payoff, it would only make sense to decrease the likelihood that he delivers on the promise.
Put differently, the expected value would be P(Keeps promise|Amount of promise)*(Amount of promise). However, both of the multiplicands in that are inversely proportional.