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benelliott comments on Open Thread, September 15-30, 2012 - Less Wrong
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The difference is very simple.
Is it better to have $100,00, or a 30% chance of $1,000,000 and a 70% chance of being homeless. Obviously the former
Is it better to save 1 life, or have a 30% chance of saving 10 lives and 70% chance of doing nothing. Obviously the latter.