The effort of making that bet, and trying to get you to pay up the $1, will be a lot harder than many other ways I could earn $1.
So, the expected utility of the bet, even with 100% certainty of being right, is still negative.
The effort of making that bet, and trying to get you to pay up the $1, will be a lot harder than many other ways I could earn $1.
So, the expected utility of the bet, even with 100% certainty of being right, is still negative.