prase comments on Risk aversion does not explain people's betting behaviours - Less Wrong
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Comments (36)
Are you sure you didn't intend to have (X+55) in the formula just after "greater than" instead of (X+54) and (X-50) in the last formula before the final parenthetical instead of (X-100)?
Also I think the formulas would be more readable if you omitted the dollar sign.
The best idea IMO is having it only with numbers, e.g. U(X + $54).
Good catch and corrected!