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Will_Newsome comments on Is Rationality Maximization of Expected Value? - Less Wrong
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Yeah, uhm, I figured I'd misunderstood that, because my second hypothesis was that someone was trolling us. Looking at the poster's previous comments I'm more inclined to think that he just missed the whole 'Bayes is god' meme.
Sorry that talking about money lead to confusion. I guess the point I was making was the following. See my respond to mattnewport, i.e.:
Suppose you have a gamble Z with negative expectation with probability of a positive outcome 1-x, for a very small x. I claim that for small enough x, every one should take Z - despite the negative expectation.