It’s kind of amazing that both of you argue your positions the same way, and make fun of each other for doing it. Look at just one aspect, and declare ‘case closed’, ignoring the full story.
And yes, repetition doesn’t make it true. I don’t see counters to my examples where the strategy fails.
You are completely misrepresenting the position of felipec. His argument is based on one arbitrary person (Bob) to compare himself to. So not 40%, but rather 28%. He would decline to risk the dollar just because probably having a dollar more than specifically Bob is far more important than hitting any jackpot.
Thank you. It precisely states your position when it has been foggy in some places. Remind me not to hire you as a money manager.
I don’t care. It’s not about expected outcome. It’s about expected utility, especially with taking DMU into account.
You don’t address what everybody else points out: taking a big risk of losing it all just to ‘probably’ get an outcome that is larger by 1. It’s a bad gamble: close to 48/52 odds that Bob will get 1000 (or even 2000) more than you. But hey, expected outcome (52/48) is you’ll beat Bob by that $1, and apparently it’s all about gloating to Bob and not about utility at all.
I’m talking about expected utility, not expected value, something which hasn’t been yet defined. The table shows expected outcome.
But I was illustrating the 75% case, which especially shows weakness in your strategy.
This makes no sense at all. It sounds like you expect ‘entanglement’ can be used to deliberately cause some outcome. It can’t. That would be FTL message sending, which is forbidden.
It probably matters only to a 2-boxer.
And yes, such posts probably belong in the other thread. We’re using this one to make fun of felipec’s program/strategy.