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tdehnel
on April 9, 2022
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Representation and Uncertainty
> Game A: Would you trade away four value-units for a 25% chance of having five value-units?
Actually a good game, I’d take that bet all day
kurthr
on April 9, 2022
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Works great, if you want to only have 0 or a multiple of 5 value units!
epgui
on April 9, 2022
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parent
[–]
The comment’s point was that the expected value of the game is positive, but more to the point of the article, if the things we’re talking about are pianos or container ships, “winning” the game might cause you some headaches.
SatvikBeri
on April 9, 2022
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root
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parent
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How is it positive? On average you're losing 2.75 units of value.
epgui
on April 9, 2022
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root
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parent
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Ah, sorry you're absolutely right. I hadn't read very carefully.
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Actually a good game, I’d take that bet all day