3min chapter

Clearer Thinking with Spencer Greenberg cover image

The FTX catastrophe (with Byrne Hobart, Vipul Naik, Maomao Hu, Marcus Abramovich, and Ozzie Gooen)

Clearer Thinking with Spencer Greenberg

CHAPTER

How Much Money Is Better Than Your Expected Value?

If you're trying to improve the world, you should have close to a linear utility function. In other words, $1 is always equally good no matter how much money you have already. And I think people who studied it, I don't, I couldn't find any studies quickly in that really dig into this question well but I think that's what you would find.

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