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khafra comments on How to always have interesting conversations - Less Wrong
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My analysis assumes that any challenge like that is a bet of money against some social value; if there were no utility on one side the challenge would not be taken up; if there were no utility on the other side the challenge would not be offered.
I'm sorry; I don't understand.
There is, as you say, utility on both sides of the transaction. What does that have to with whether a bet has been placed?
Is it a challenge, or a bet? I'm just saying that examining it as a bet offers some insight into the unexpectedly lopsided results.