Sorry that talking about money lead to confusion. I guess the point I was making was the following. See my respond to mattnewport, i.e.:
Suppose you have a gamble Z with negative expectation with probability of a positive outcome 1-x, for a very small x. I claim that for small enough x, every one should take Z—despite the negative expectation.
Sorry that talking about money lead to confusion. I guess the point I was making was the following. See my respond to mattnewport, i.e.:
Suppose you have a gamble Z with negative expectation with probability of a positive outcome 1-x, for a very small x. I claim that for small enough x, every one should take Z—despite the negative expectation.