Difference between revisions of "Expected Value"
From MgmtWiki
(→Full Title or Meme) |
(→Gambling) |
||
| Line 7: | Line 7: | ||
The only result from the SE is the probability amplitude. | The only result from the SE is the probability amplitude. | ||
==Gambling== | ==Gambling== | ||
| − | Gamblers are [[Expected Value]] maximizers, that is they will take the bet when the is greater than than the cost. These people are said to live “on the river”. | + | Gamblers are [[Expected Value]] maximizers, that is they will take the bet when the [[Expected Value]] is greater than than the cost. These people are said to live “on the river”. |
Riverians worry that Villagers are stifling competition by increasingly focusing on equity of outcomes rather than equality of opportunity.<ref>Nate Silver ‘’On the Edge’’. ISBN 9781594204128</ref> | Riverians worry that Villagers are stifling competition by increasingly focusing on equity of outcomes rather than equality of opportunity.<ref>Nate Silver ‘’On the Edge’’. ISBN 9781594204128</ref> | ||
Revision as of 00:33, 2 February 2025
Full Title or Meme
The value of an expected outcome given the probabilities.
Context
Compare this with Utilitarians.
Quantum Physics
The only result from the SE is the probability amplitude.
Gambling
Gamblers are Expected Value maximizers, that is they will take the bet when the Expected Value is greater than than the cost. These people are said to live “on the river”. Riverians worry that Villagers are stifling competition by increasingly focusing on equity of outcomes rather than equality of opportunity.[1]
References
- ↑ Nate Silver ‘’On the Edge’’. ISBN 9781594204128
