I was an inveterate thirder until I read a series of articles on repeated betting, which pointed out that in many cases, maximizing expected utility leads to a “heavy tailed” situation in which a few realizations of you have enormous utility, but most realizations of you have gone bankrupt. The mean utility across all realizations is large, but that’s useless in the vast majority of cases because there’s no way to transfer utility from one realization to another. This got me thinking about SB again, and the extent to which Beauties can or can not share or ...
I’m not a data scientist, but I love these. I’ve got a four-hour flight ahead of me and a copy of Microsoft Excel; maybe now is the right time to give one a try!