Lumifer comments on If there was one element of statistical literacy that you could magically implant in every head, what would it be? - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Loading…
Subscribe to RSS Feed
= f037147d6e6c911a85753b9abdedda8d)
Comments (67)
If you offered me the choice of two "lottery tickets", one of which paid $30 if it rained tomorrow and one of which paid $70 if it didn't, I wouldn't care which one I took.
My question was about the probability of rain, not about what you would be willing to bet on. Besides, who's that "me", a perfect rational Homo Economicus or a real person? Offering bets to an idealized concept seems like an iffy idea :-)