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by yjk
1388 days ago
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I'm not sure on your argument. I belive it's rational to make a decision that you would repeat every time you are presented with the decision, no matter if you knew beforehand how much times that decision would be presented to you. Let's account for the marginal value of each dollar to set the number 50 to be some number that equated to triple the utility of the first million. Why would it make less sense to choose the 50%? Assuming you would definitely take a 99.9999% chance of 50 million over 100% of 1 million, at what percentage do you switch over to the higher percentage? |
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"Variance" and "risk tolerance"
There is only one of me, not a Large Number