lmm comments on Omega's Idiot Brother, Epsilon - Less Wrong

3 Post author: OrphanWilde 25 November 2015 07:57PM

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Comment author: lmm 03 December 2015 11:31:42PM 0 points [-]

In other words, gaining $1M has to be no more than about 25% better than gaining $1k.

Interesting. My thought process was that it's worth losing $8000 in EV to avoid a 1% chance of losing $1000. I think my original statement was true, but perhaps poorly calibrated; these days I shouldn't be that risk-averse.