Re: Imagine There's A Gamble Where
It depends on your utility curve and where the different states fall
Shit is cray
It depends on your utility curve and where the different states fall
Shit is cray
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Re: Imagine There's A Gamble Where
can you explain what you mean in layman's termsComment
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Re: Imagine There's A Gamble Where
This game is the kind where you MUST win at any cost.
The question asks about how low a probability can go for you to stay confident that it will happenComment
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Re: Imagine There's A Gamble Where
Why do people always overthink my questions
is it because my avatar is a robotComment
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Re: Imagine There's A Gamble Where
too many maths and overthinking
oh wait i'm on ffr. nvmComment
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Re: Imagine There's A Gamble Where
Considering the only things I have right now are my cash value and my computers essentially (living in campus dorms, eating meal plan... can I lose those in this??) I think I'd be a little more willing to go for something like this than a number of people. I bet a homeless guy on the side of the road would take you up on the offer pretty quick
edit: In relation to "how low could the percentage go before you lost confidence that you'd win?" I'd have to say around 90% or so regardless of the value of winning / cost of losing for me... after that point I'd just be pretty darn uncertain, and more-so the lower it went.
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Re: Imagine There's A Gamble Where
honestly this probably doesn't help people imagine you as a normal person
I feel like a utility calculation (like ilikexd's post) is a good idea in theory, and would be quite reasonable for someone who could easily start over from nothing, even if it might be a hassle for them to do so. Personally, the probability I'd want obeys something like Hofstadter's law - I'll always want less risk than what the calculation says, even if the calculation takes this into account.Best AAA: Policy In The Sky [Oni] (81)
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Re: Imagine There's A Gamble Where
I could dare a 75% considering I haven't got anything that's particularly high in value. At same time, it's not even worth trying. Yolo~Last edited by Hakulyte; 10-21-2013, 11:35 PM.Comment
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Re: Imagine There's A Gamble Where
I don't really have anything I couldn't get back so the lowest might be something like 50-66%. I like to live dangerously. :]Comment
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Re: Imagine There's A Gamble Where
leonid what you smokin bro
https://soundcloud.com/djbdock acapellas over my beats
http://tuneport.com/profile/bdockbeats my beats for yall to rap onComment
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Re: Imagine There's A Gamble Where
If what you're trying to get at is a game you must win at any cost, then I don't think you're giving good enough incentive or disincentive.
Some people are just careless. Some people have like 100$ to their name and would gamble with really low odds. Some gambling addicts basically do this as par for the course. Some people with a lot of money might really want double that money to start up a business or something and they're highly driven to get MORE but don't really care one way or the other if they have less. Someone who's manic at the point in time of making the choice is likely to set a lower limit. On the flip side someone who's totally depressed and has little/no sense of self preservation could set that really low too.
I just don't see the answers you're getting would be good representations of people's internal views of probability but more of, say, their mental health and status in society.Comment
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Re: Imagine There's A Gamble Where
Well, I pooled the total of all of my assets not long ago for insurance purposes and given what I know about what I could lose and my line of credit situation, doubling it would help me out substantially and losing it all would hurt but in the grand scheme of things would be easy to recover from.
So I'd be pretty willing to do this. 90% would be a for sure thing. Maybe a bit lower.
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obviously 100% for anyone then
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