4 ms·
Works in games too, if you're in a worse situation and almost guaranteed to lose with standard strategies, might as well try high-risk/high-reward strategies in
by PhilipRoman 2y ago
Works in games too, if you're in a worse situation and almost guaranteed to lose with standard strategies, might as well try high-risk/high-reward strategies instead (since you need enough "reward" to overcome the difference and the risk doesn't matter).
- _the_inflator 2y agoI don’t want to quote Einstein here, or the path not taken. ;)
- keepamovin 2y agoOk, the latter I know (Frost). Pray quote the former? :)
- gradyfps 2y ago"High-risk/high-reward" basically translates 1:1 with increased variance. Seeing it framed that way was a helpful mental model for me.
- keepamovin 2y agoThanks for pointing that out. I think that will be useful for me too, even without the finance background, that I guess you back your understand up with.
- keepamovin 2y agoThis is a good point. And seen in predatory animals. Hungry animals will take the more risky food/prey.