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0 pointsDylan168071y ago0 comments

Expected value doesn't really work for rare events. A 1% chance of $50M and a 1% chance of $2B are barely different to a person.

0 comments

im3w1l1y ago

For a person it doesn't matter. But the context here is gangs, and for organizations it could make a difference. $2B can be split many-ways and still have significant money for everyone.

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0 pointsDylan168071y ago0 comments

Expected value doesn't really work for rare events. A 1% chance of $50M and a 1% chance of $2B are barely different to a person.

0 comments

im3w1l1y ago

For a person it doesn't matter. But the context here is gangs, and for organizations it could make a difference. $2B can be split many-ways and still have significant money for everyone.

j / k navigate · click thread line to collapse