RolfAndreassen comments on Open Thread, May 1-14, 2013 - Less Wrong

3 Post author: whpearson 01 May 2013 10:28PM

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Comment author: RolfAndreassen 02 May 2013 09:49:31PM 0 points [-]

Even with positive expected value, you may be better off passing up the bet depending on your tolerance for variance and the local shape of your utility-of-money function.