4 ms·
If they perceive that 1% chance of 1 M$ as having nonzero value, then they're not "valu[ing] it at 0 $"
by akavi 4y ago
If they perceive that 1% chance of 1 M$ as having nonzero value, then they're not "valu[ing] it at 0 $"
- maratc 4y agoMaybe these people just don't know how to properly calculate the expected value?..