chicken@lemmy.dbzer0.com to Comic Strips@lemmy.world · 23 days agoSaturday Morning Breakfast Cereal - EVlemmy.dbzer0.comimagemessage-square75fedilinkarrow-up1525arrow-down17file-text
arrow-up1518arrow-down1imageSaturday Morning Breakfast Cereal - EVlemmy.dbzer0.comchicken@lemmy.dbzer0.com to Comic Strips@lemmy.world · 23 days agomessage-square75fedilinkfile-text
minus-squarebequirtle@lemmy.worldlinkfedilinkarrow-up4arrow-down1·23 days agoEV is meaningless in any situation where you only get 1 chance. It only becomes relevant if you repeat something enough for the law of averages to work out
minus-squareAwesomeLowlander@sh.itjust.workslinkfedilinkarrow-up3·22 days agoDo you take a guaranteed $1 or 50% chance at $10? Suddenly EV is meaningful.
EV is meaningless in any situation where you only get 1 chance.
It only becomes relevant if you repeat something enough for the law of averages to work out
Do you take a guaranteed $1 or 50% chance at $10? Suddenly EV is meaningful.