Cyan comments on Even Odds - Less Wrong

35 Post author: Coscott 12 January 2014 07:24AM

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Comment author: Cyan 13 January 2014 06:23:39PM 0 points [-]

...the players can always make another bet with each other using their remaining money. But this knowledge changes the players' incentives...

From the OP:

"Now what?" He asks. A third meet up member takes quickly takes the 16 dollars from the table and answers, "You wait."

Comment author: Coscott 13 January 2014 06:41:29PM 1 point [-]

The players had money left over. They only put in 16 of 50 dollars.

Comment author: Cyan 13 January 2014 07:08:37PM 0 points [-]

I thought the rapidity with which the third person was described to have taken the funds in escrow and declared, "You wait" indicated that she (and you) had seen the problem pointed out by Wei_Dai and moved to block it. (Silly me?)

Comment author: Alsadius 16 January 2014 06:32:00AM 1 point [-]

Here I thought it was just a joke about someone stealing the stakes.

Comment author: Coscott 13 January 2014 07:24:49PM 1 point [-]

I wasn't trying to indicate anything with the third person. Sorry for the confusion. I just thought that it would be hard to end the story without describing where the money goes, since the prediction I was referencing was not going to be answered for a year.

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