shware comments on Even Odds - Less Wrong

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

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Comment author: shware 15 January 2014 03:31:32AM *  1 point [-]

he puts 2.72 on the table, and you put 13.28 on the table.

I'm confused...if the prediction does not come true (which you estimated as being 33 percent likely) you only gain $2.72? and if the most probable outcome does come true you lose 13.28?

Comment author: Coscott 15 January 2014 03:44:09AM 1 point [-]

Yep, I put the numbers in backwards (because of the sign mistake I made originally.) I fixed it now. Thanks for the correction.