thomblake comments on Risk aversion vs. concave utility function - Less Wrong

1 Post author: dvasya 31 January 2012 06:25AM

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Comment author: thomblake 31 January 2012 05:24:33PM 0 points [-]

As for me, one of the main reasons I wouldn't take a bet winning $110 or losing $100 is that I would take the existence of someone willing to offer such a bet as evidence that there's something about the coin to be flipped that they know and I don't

This seems to follow the no-trade theorem for zero-sum games.