timtyler comments on On dollars, utility, and crack cocaine - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (97)
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.