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“For instance, a "safe" action might have a reward of 5 and a risk of 3, which I would represent as 5±3 in this model, the return would typically range anywhere
by tacitusarc 2y ago
“For instance, a "safe" action might have a reward of 5 and a risk of 3, which I would represent as 5±3 in this model, the return would typically range anywhere from 2 to 8 units of net benefit.”
He is literally adding risk and reward to determine the upper net benefit bound.
- alimw 2y agoI wonder if you missed the three follow-up posts? It's really in those that his analysis takes shape. What you call the "upper net benefit bound" plays no part in it.