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jubydoo comments on The Affect Heuristic - Less Wrong
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A 7% probability versus 10% probability may be bad news, but it's more than made up for by the increased number of red beans. It's a worse probability, yes, but you're still more likely to win, you see.
I don't understand. Do you mean you are more likely to win with 7 red beans rather than one but also proportionately more likely to lose with 93 non red beans rather than 9? You wink and suggest there is some great wisdom there. I simply don't even know what the hell you are talking about.
In the 1 red/10 beans scenario, you can only win once, no matter how hard you try. With 7 read/100 beans, you simply play the game 100 times, draw 7 red beans, and end up with 7x more money.
Unless the beans are replaced, in which case yeah, what the hell were they thinking?
I think the idea of the game was you get one chance to pick a bean. After all, if you can just keep picking beans until you've picked all the reds, there's not really much point to the so-called game anymore, is there?