jimrandomh comments on Do the 'unlucky' systematically underestimate high-variance strategies? - Less Wrong

20 Post author: MBlume 12 October 2009 10:27PM

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Comment author: jimrandomh 13 October 2009 12:37:01AM 2 points [-]

Perhaps the causality is backwards here. If a person believes they're systematically unlucky, then they would incorrectly expect to do worse on high-variance bets than the expected value would indicate.