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It seems we agree that below the poverty line people should not make uncertain bets, because they have nothing they can afford to lose. Not betting when you can
by WJW 4y ago
It seems we agree that below the poverty line people should not make uncertain bets, because they have nothing they can afford to lose. Not betting when you can't afford it is exactly what the Kelly criterion proscribes, no?
- delusional 4y agoYou were replying to a person who were pretty clearly implying the position that the game is rigged. It's reasonable to assume your comment was meant to dismiss it as "you're just playing it wrong". I understand after your second comment that that was not the intention, but the first comment could be read as that.