87 Posts
Member since 04-14-2009
More posts by nuts123
Nuts would you say that the utility/satisfaction you'd get from winning
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But the function and shortcomings of intuitive thought processes have nothing to do with maximizing utility and deciding if something is +EV in monetary terms. EV is long term, and s...
Also the insignifficant utility of $1 doesn't apply if you think rationally, because of opportunity cost and because spending $1 on one ticket every week and spending $50 at once is...
You look at different things from different perspectives. By your definition of roulette no form of gambling is luck based, because the house does not need luck to win. Even in lotte...
Reasoning errors, but obv luck game.
I think we have different definitios for luck game.
I don't consider roulette a luck game. Roulette...
This is the type of (utility) argument that might be valid. Not entirely convinced this by this particular one, though (although not sure either way). For example, I'd imagine each ...
No.
You're right. Even if you win the big prize you have all the time to lose it unless you stop buying tickets. I...
Lottery is 100% a luck game because it's impossible for a player to reach the long term even if he plays every week. It's -EV but if you win the big prize you have to have more than one life to ...
My guess is there is little to no interest in 20bb CAP videos or strategy. I don't think that's why people join this site. My hope is that it stays that way since I don't want any DC...
If i want to have a 2nd site for better table selection i will go to Carbon. (I tried 888 in the past, but hated the software)
I think you played on ...
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