Morendil comments on The Shadow Question - Less Wrong

28 Post author: Alicorn 14 October 2009 01:40AM

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Comment author: Morendil 14 October 2009 09:03:46PM 1 point [-]

I get it now, thanks.

I'll wait for your next post then, and see how your classification fits in with that.

While I was thinking about your post initially, I envisioned a 2d graph, with "probability" on one axis and "(dis)utility" in another. I was toying with formalizations of your concepts as linked blobs of area at various locations on that graph, and my visualizations (of all-in vs lottery) were quite different. So, if I raise that particular point again, it probably will be in terms of that picture.

Comment author: NancyLebovitz 21 April 2010 11:27:30AM 0 points [-]

Putting a lot of work into a career like acting where there's a low chance of a very high reward strikes me as an "all in" strategy.