Thread: Deal or No Deal
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Unread 05-24-2006, 11:59 AM   #8 (permalink)
Ugly Bastard
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What person on this show is going to say "oooh I better take the -EV settlement for 85k 'cause I risk can't missing on the 100k and having to take 75k!"

No one says that. Risk aversion is a moot point in this example. Only in some extreme circumstance is someone going to view taking the 85k as a clear decision to avoid having to settle for only 75k.

Risk aversion becomes a good conversation if someone is being offered 300k rather than flipping a coin for 20k or 1M.
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