2min chapter

The Bayesian Conspiracy cover image

184 – The Cultic Milieu

The Bayesian Conspiracy

CHAPTER

How Much Would You Pay to Play a Game?

The first one offers me more money like so I'm going to come at this from the I make a comment down the down the post about homo economicus. Okay there's a second game you have a nineteen out of 20 chance to win four dollars and a one out of twenty chance to lose a quarter. How much would you take to not play that game? Five bucks. This one seems like my odds of losing are so much lower. Well because they are but you know how much I'm losing is is supposed to be about the same on average right. No no how much you're losing is I don't think the same at all. These are just very different games.

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