Well, you see. The thing about expected value is that in the real world, things with a fifteen percent chance of happening typically don’t happen. I would love to have $150,000, but the expected result of the former choice is $0.
Well, you see. The thing about expected value is that in the real world, things with a fifteen percent chance of happening typically don’t happen. I would love to have $150,000, but the expected result of the former choice is $0.