You're looking at Less Wrong's discussion board. This includes all posts, including those that haven't been promoted to the front page yet. For more information, see About Less Wrong.

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

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

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (7)

You are viewing a single comment's thread. Show more comments above.

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.