A, which grants −100 utilons with 99.9% chance and +10000 utilons with 0.1% A has an expected utility of +900.1 utilons
A, which grants −100 utilons with 99.9% chance and +10000 utilons with 0.1%
A has an expected utility of +900.1 utilons
Um, A actually has a utility of −89.9.
That explains why it seems less appealing!
Um, A actually has a utility of −89.9.
That explains why it seems less appealing!