2 ms·
> The point is if you get _one round_ to play - essentially all or nothing - should you play? No. On the contrary, in general yes you should, because life as a
by gwd 2y ago
> The point is if you get _one round_ to play - essentially all or nothing - should you play? No.
On the contrary, in general yes you should, because life as a whole will give you a variety of these sorts of risks. Steve Balmer's offer is just one episode in a lifelong series of risks offered you by the universe at large.
- denizener 2y agoIt all depends too if the absorbing barrier is a true absorbing barrier like death. Bankruptcy would suck but it is not like you have no possibility of another chance like death. I suspect there is much muddled thinking in this area viewing the death of a LLC as equal to the death of a human. A coin flip for 20 million dollars if tails, physical death if heads is much different than bankruptcy if heads. One is a stupid gambler with their life and the other is basically a serial entrepreneur taking asymmetrical bets until the coin comes up tails.