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34. Bryan Caplan - Voters as Mad Scientists

Ideas Having Sex

CHAPTER

How to Bet Your House Against a Penny

I think on sufficiently high betting scales, even if you are confident, betting your house against a penny is. Well, if you're really sure, and there's a lot of claims of absolute certainty in politics, but I might be more sure that something about the bet will go wrong or that you're a con artist. It's like not a reason to do it against doing 10 to one. Yeah. No, absolutely. But the point is totally realistic if you're just talking about relatively ordinary amounts of money that still give you very favorable odds. People saying casual conversation all the time, how confident they are about something,. And yes, they shut up quickly if you want to bet them

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