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Mestroyer comments on How much to spend on a high-variance option? - Less Wrong Discussion

9 Post author: RolfAndreassen 03 January 2013 06:38PM

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Comment author: Mestroyer 13 January 2013 04:59:25AM 0 points [-]

You probably care more about what you'll do with the dollars now that you don't have millions than about what you'd do with every extra dollar, given that you had millions. So expected dollars is not the same as expected value.