PhilGoetz comments on Misleading the witness - Less Wrong

14 Post author: Bo102010 09 August 2009 08:13PM

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Comment author: PhilGoetz 10 August 2009 03:23:50PM *  1 point [-]

What $10,000?

EDIT: Never mind; I thought he said "the $10,000".

Comment author: Alicorn 10 August 2009 03:41:00PM *  5 points [-]

You could probably sell somebody a 15% chance to win a million bucks for 10k. It's worth fifteen times that to a risk-neutral agent.

Comment author: Technologos 11 August 2009 05:41:43AM 1 point [-]

I'm pretty confident that you could sell a true 15% chance to win a million bucks for a lot more than 10k... after all, investment banks make substantially greater gambles regularly.

I'd probably ask for 100k to start and go from there.