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ChristianKl comments on Iterated Gambles and Expected Utility Theory - Less Wrong Discussion

1 Post author: Sable 25 May 2016 09:29PM

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Tags: utility gambles expected iterated theory stanovich prospect

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Comment author: ChristianKl 06 June 2016 04:38:24PM 1 point [-]

If you were actually offered this gamble in real life, which option would you take?

That reminds me of me calculating the expected value of Ethereum around half a year ago and writing on LW about it. I was pretty certain that there's a >50% chance of 10x returns. However I was to lazy to actually go and buy Ethereum.

Was it because of risk aversion? I don't think so, it was pure lazinss.

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