Alicorn comments on Misleading the witness - Less Wrong

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

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Comment author: Eneasz 10 August 2009 09:44:30PM 1 point [-]

I got 3/3 and I would take the chance. My rational is that $60 is almost nothing. I can make that very quickly, and it won't buy much. I won't notice it in my monthly finances. $5000, on the other hand, is actually worth considering. That could change my month significantly (and impact the rest of my year as well). Would you rather have a 100% chance of getting a nickel, or a 0.01% chance of getting a small diamond?

Comment author: Alicorn 10 August 2009 10:05:43PM *  0 points [-]

I'd be almost guaranteed to lose the diamond before I could liquidate it if I won it. Should I factor that in or not? Diamonds are also notoriously difficult to liquidate unless you are in the relevant cartel...