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by lern_too_spel
650 days ago
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If it were about winning or losing that round, there wouldn't be so many different monetary values associated with each outcome. Instead, each outcome would be win, lose, or draw. Because there are monetary values, we have to decide if it's a good bet. If somebody offers me a chance to wager $1 on the outcome of a die roll where the payoff for choosing correctly is $10, I will do it, even though it's more likely that I will lose than win. |
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