= 27d567bc2d48d9f40e9ccc20ea370b15)
prase comments on Value of Information: Four Examples - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (60)
No, 24*0.5 - 12 = 0 is the break even point where the expected profit is 0. For p>0.5 the deal is good, for p<0.5 the deal is bad.
I have read it as if the offered deal was $24 and $12 back in case of winning and ignored the equation. Thanks for correction.