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You have it backwards, you have to calculate the expected value of the mission and see if it’s less than 1.5M. For example, if odds of success are one in 10k f
by gfodor 4y ago
You have it backwards, you have to calculate the expected value of the mission and see if it’s less than 1.5M.
For example, if odds of success are one in 10k for a discovery worth $1T then it works out.
- jmull 4y agoI’m afraid we’re taking about the same expected value: odds of success * value of success