army1987 comments on Why is it rational to invest in retirement? I don't get it. - Less Wrong

20 Post author: diegocaleiro 16 May 2013 01:28AM

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Comment author: [deleted] 17 May 2013 11:09:37PM 2 points [-]

taking the sure 450 instead of flipping the coin for 1000

Assuming logarithmic utility, that's the right thing to do if you have less than about 2000 to start from -- and that's without even considering the possibility that the person offering you the bet may have loaded the coin.