p12life.blogspot.com
The P12Life - Travel and Gamble: FAST AND CONSISTENT WINS THE RACE
http://p12life.blogspot.com/2014/05/fast-and-consistent-wins-race.html
The P12Life - Travel and Gamble. I am a high stakes poker player who is traveling to every country in the World, and sharing my experiences on my trips, as well as math to help solve your life. Friday, May 2, 2014. FAST AND CONSISTENT WINS THE RACE. Big bets represent units that we use to track our winnings, and the stakes I've played over my career range from $1/$2 to $500/$1,000 where the figures 2 and 1,000 here would equal 1 big bet for these games. May 4, 2014 at 1:30 PM. May 5, 2014 at 10:20 AM.
wnio.blogspot.com
WNIO: Two-Envelope Paradox II
http://wnio.blogspot.com/2011/06/two-envelope-paradox-ii.html
Friday, June 24, 2011. This post continues a discussion of the Two-Envelope Paradox which has been going on at. 1 as you don't know c, there is still no point in swapping. 2 if there is no point in swapping, then the expectation value of swapping is 2000. 3 if the expectation value is 2000 then 2000 = p.1000 (1-p).4000. 4 the probability of swapping and getting 1000 is 2/3. 5 this calculation holds whatever value was in the first chosen envelope. I believe it went wronge here: 6 does not follow from 12345.
wnio.blogspot.com
WNIO: The two-envelope problem
http://wnio.blogspot.com/2011/06/two-envelope-problem.html
Monday, June 20, 2011. Suppose you go to a conference where the speaker invites you up on stage. He offers you two envelopes and tells you the ratio between the sums in them. He says "the ratio between their value is r," where r 1. He gives you one envelope. Then he says "want to switch? After you've satisfied (or confused) yourself about which envelope might be better, do you still want to keep switching forever? The paradoxical expected value:. But symmetry implies indifference. Prejudice may be enough:.
wnio.blogspot.com
WNIO: Gambling with the Rent
http://wnio.blogspot.com/2011/06/gambling-with-rent.html
Thursday, June 16, 2011. Gambling with the Rent. Thus, paradoxically, the working poor could spend a portion of their income gambling, reduce all their expenses, including reducing the price they pay monthly for housing, and it's about 80% true that their landlords will let them keep their apartments and pay the same rent. Do winners win, or only the lottery? Regardless of how they lose their money. Landlord generosity, an example. Differential rent: Do landlords capture workers' expected profits? It wou...
wnio.blogspot.com
WNIO: June 2011
http://wnio.blogspot.com/2011_06_01_archive.html
Friday, June 24, 2011. This post continues a discussion of the Two-Envelope Paradox which has been going on at. 1 as you don't know c, there is still no point in swapping. 2 if there is no point in swapping, then the expectation value of swapping is 2000. 3 if the expectation value is 2000 then 2000 = p.1000 (1-p).4000. 4 the probability of swapping and getting 1000 is 2/3. 5 this calculation holds whatever value was in the first chosen envelope. I believe it went wronge here: 6 does not follow from 12345.
wnio.blogspot.com
WNIO: Is utility unbounded?
http://wnio.blogspot.com/2011/06/is-utility-unbounded.html
Tuesday, June 14, 2011. If utility is unlimited, then an infinite amount of money, offered at any finite odds, is infinitely more desirable than any finite amount of money. We would notice this effect in that infinite prizes in lotteries would be surprisingly tempting. Are you currently stealing from your friends in order to play high-stakes lotteries? Would you gamble everything to play the lottery if the jackpot were infinite? Would you give up every comfort in your life to win? The utility of gambling.
wnio.blogspot.com
WNIO: Wallet Wrongfully Returned
http://wnio.blogspot.com/2011/06/wallet-wrongfully-returned.html
Tuesday, June 21, 2011. Losing your wallet at an economics conference:. You go to an economics conference. The speaker takes wallets from two members of the audience and offers to combine the total and give it to whomever had the lesser sum. You stand to gain the larger sum (if you had the smaller) or lose the smaller sum (if you had the larger). You should expect a certain distribution of wallets. You should be willing to play the game if :. Suppose there are (R-1) other people in the audience. If I am ...
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