William comments on Contests vs. Real World Problems - Less Wrong

15 Post author: badger 25 March 2009 01:29AM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (33)

You are viewing a single comment's thread. Show more comments above.

Comment author: William 27 March 2009 01:36:10AM 3 points [-]

One warning though: Gambler's ruin is very possible with betting systems, even if your strategy has a positive expected value.