[singingboyo]

Optimal strategy for the population, perhaps, but as an individual avoiding 'all-in' is very nice, if not always possible.

In the context of SoftBank, though, I'd expect all-ins and near all-ins to be avoidable...

[erikpukinskis]

Death only hurts once, but success feels good forever. So, in that sense it’s worth it to take the bet.

Optimality is just maximizing your upside and minimizing the window of exposure to oblivion. I don’t think there’s any “avoid oblivion at all costs” strategy that comes close to “court oblivion once” in terms of the total expected utility.