timtyler comments on On dollars, utility, and crack cocaine - Less Wrong

13 Post author: PhilGoetz 04 April 2009 12:00AM

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Comment author: timtyler 04 April 2009 02:20:24PM 2 points [-]

Re: Roulette doesn't give a big enough payoff [...]

Bet twice consecutively, then. Roulette's payoffs are flexible enough to give you practically any odds you desire.

...and what about the diminishing utility of money? Often you don't want to trade odds for cash.