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DanielLC comments on Prospect Theory: A Framework for Understanding Cognitive Biases - Less Wrong

66 Post author: Yvain 10 July 2011 05:20AM

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Comment author: DanielLC 15 February 2012 06:13:02PM 0 points [-]

What happens if you graph subjective expected value to probability and outcome? It looks like a lot of it could cancel, giving something close to true expected value.