That implies you believe the probability you will lose is just under 50%
Only if $1000 is an insignificant fraction of Gleb’s wealth, or his utility-from-dollars function doesn’t show the sort of decreasing marginal returns most people’s do.
Indeed, $1000 is a quite significant portion of my wealth.
Only if $1000 is an insignificant fraction of Gleb’s wealth, or his utility-from-dollars function doesn’t show the sort of decreasing marginal returns most people’s do.
Indeed, $1000 is a quite significant portion of my wealth.