Phirand_Ice comments on The Allais Paradox - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (133)
Surely the answer is dependednat on goal criterion. If the goal is to get 'some' money then the 100% option and the 34% options are better. If your goal is get 'the most' money then the 97% and the 33% options are better. However the goal might be socially construictued. This reminded me of John Nash whom offered one of his sectraries $15 dollars if she shared it equally with a co-worker but $10 if she kept it for her-self. She took the $15 and split it with her co-worker. She chose an option that maximised her social capital but was a weaker one economically.