I’ll wait for your next post then, and see how your classification fits in with that.
While I was thinking about your post initially, I envisioned a 2d graph, with “probability” on one axis and “(dis)utility” in another. I was toying with formalizations of your concepts as linked blobs of area at various locations on that graph, and my visualizations (of all-in vs lottery) were quite different. So, if I raise that particular point again, it probably will be in terms of that picture.
I get it now, thanks.
I’ll wait for your next post then, and see how your classification fits in with that.
While I was thinking about your post initially, I envisioned a 2d graph, with “probability” on one axis and “(dis)utility” in another. I was toying with formalizations of your concepts as linked blobs of area at various locations on that graph, and my visualizations (of all-in vs lottery) were quite different. So, if I raise that particular point again, it probably will be in terms of that picture.
Putting a lot of work into a career like acting where there’s a low chance of a very high reward strikes me as an “all in” strategy.