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Old 09-11-2006, 07:17 PM
Izverg04 Izverg04 is offline
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Join Date: Mar 2004
Posts: 308
Default Re: To hedgers: Adding insult to injury

All advantage gamblers have two things in common: they are money-loving and risk-averse. We are not argue this, right? When such a person is offered to make a 2% +EV or a 5% +EV bet, and choose the stakes, he will find the stakes at which this bet is optimal for him. (Optimal bet will be Kelly bankroll * percent advantage). The answer will never be: "you can take the bet and shove it", unless making the bet is inconvenient in some way.

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Yep. You're basically telling people that their utility functions are "wrong." You're advancing a "HEDGERS ARE ALL PU$$IES!!11!" argument and dressing it up in academic-sounding language.

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I don't think pzhon called you a pu$$y, more like an irrational [censored].
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