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They're setting up a pretty simple EV calc: (Probability of not getting away with it) 0.01 * (Cost if caught) 1000 = 10x (Expected Cost) = not worth it
by npunt 1y ago
They're setting up a pretty simple EV calc:
(Probability of not getting away with it) 0.01 * (Cost if caught) 1000 = 10x (Expected Cost) = not worth it
- wizzwizz4 1y agoThe EV calculation completely goes away if you add a layer of limited liability corporation.