= 27d567bc2d48d9f40e9ccc20ea370b15)
gwern comments on How much to spend on a high-variance option? - Less Wrong Discussion
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (36)
If you invoke infinities or indefinite sets of bets, it shouldn't surprise you that regular results might not apply: if you decide to invest in a bet of n at 99% odds of doubling, wouldn't it be even better to invest n at 99% odds of tripling? Or even better than that, invest n at 99.9% odds of tripling? Or no, invest n+1 at 99.9% odds of tripling! I'm not sure why you'd expect anything useful from a KC or a variant with such arbitrary inputs.
It does?
You are right.
It does seem arbitrary because for sufficiently high intervals for p and b the integral will exceed 1, that is allocation of all my cash and I do not know how to interpret this result.