~ archived since 2018 ~
~ archived since 2018 ~
| Upvotes | Title | Category | Author | Subreddit | Date (UTC) |
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| Upvotes | Comment on | Subreddit | Date (UTC) |
|---|---|---|---|
| 15 | Would you take this bet? The simple maths behind why more approaches increases value of approachThe biggest point is that once he says, "what if we did the same bet (with 2 to 1 odds) 10 times or 100 times?" He is basically saying while you are risk adverse when the bet is only one time (even if it is a good bet for you), when you do it enough times, you are pretty much guaranteed to come out ahead, so you take it. In order to come out ahead over the long run, you need to take that first initial risk and every risk thereafter. So instead of looking at each risk you take as a single risk, t… | /r/seduction | 05/01/15 09:51 PM |
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