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I totally agree. A more evident case is with the insurances: We also know that the expected value of buying insurance is negative for us; but we pay for reducin
by pelario 12y ago
I totally agree.
A more evident case is with the insurances: We also know that the expected value of buying insurance is negative for us; but we pay for reducing the variance of the money we lose.
In lottery, we pay to increase the variance of the money we win.