I think the most fun and empirical way to dissolve this confusion would be to hold a tourney. Remember the Prisoner’s Dilemma competitions that were famously won, not by complex algorithms, but by simple variations on Tit-for-Tat? If somebody can host, the rules would be something like this:
Players can submit scripts which take only one input (their current money) and produce only one output (whether to accept the bet again). The host has infinite money since it’s just virtual.
Each script gets run N times where N isn’t told to the players in advance. The script with the highest winnings is declared Interesting.
I think the most fun and empirical way to dissolve this confusion would be to hold a tourney. Remember the Prisoner’s Dilemma competitions that were famously won, not by complex algorithms, but by simple variations on Tit-for-Tat? If somebody can host, the rules would be something like this:
Players can submit scripts which take only one input (their current money) and produce only one output (whether to accept the bet again). The host has infinite money since it’s just virtual.
Each script gets run N times where N isn’t told to the players in advance. The script with the highest winnings is declared Interesting.