Ben Jones, and Patrick (orthonormal), if you offer me 400$ I’ll say ‘yes, thank you’. If you offer me 500$ I’ll say ‘yes, thank you’. If, from whatever my current position is after you’ve been so generous, you ask me to choose between “a certain loss of $100 or a 20% chance of losing $200”, I’ll choose the 20% chance of losing 200$.
That’s my math, and I accept money orders, wire transfers, or cash....
Ben Jones, and Patrick (orthonormal), if you offer me 400$ I’ll say ‘yes, thank you’. If you offer me 500$ I’ll say ‘yes, thank you’. If, from whatever my current position is after you’ve been so generous, you ask me to choose between “a certain loss of $100 or a 20% chance of losing $200”, I’ll choose the 20% chance of losing 200$. That’s my math, and I accept money orders, wire transfers, or cash....