Re: passing up bringing home a 7 for a 10-15% chance at a 10+
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100% of 7 = 7
15% of 10 = 1.5
7 > 1.5
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I really like this analysis.
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Except for people I knew in college, most weekends it was
5% of 10
50% of 7
100% of 4
So while this formula will say 4 > 3.5 > 0.5
I'd rather have the 7 and beat off every other weekend than get go for the 4.
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simple expected utility then.
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