I want that it is possible to have a very bad outcome: If I can play a lottery that has 1 utilium cost, 10^7 payoff and a winning chance of 10^-6, and if I can play this lottery enough times, I want to play it.
“Enough times” to make it >50% likely that you will win, yes? Why is this the correct cutoff point?
I want that it is possible to have a very bad outcome: If I can play a lottery that has 1 utilium cost, 10^7 payoff and a winning chance of 10^-6, and if I can play this lottery enough times, I want to play it.
“Enough times” to make it >50% likely that you will win, yes? Why is this the correct cutoff point?