Y
Hacker News
new
|
ask
|
show
|
jobs
by
QuadmasterXLII
1190 days ago
I think there's some sort of clipping effect distorting things. If your losses are limited at your assets, then the bet (heads: I gain 2X my assets, tails: I lose 2X my assets) has positive EV.
1 comments
lottin
1190 days ago
It's not just banks, this is how limited liability works.
link