Oh, trust me, I wouldn’t defend this one.
Some profs showed it as an example of a utility function for which gambling would make sense, rationally. I’d say if your utility function looks like this, you have problems far worse than gambling.
Oh, trust me, I wouldn’t defend this one.
Some profs showed it as an example of a utility function for which gambling would make sense, rationally. I’d say if your utility function looks like this, you have problems far worse than gambling.