Re: Help me settle this dispute (Simple EV problem)
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Whether you preserve what you have or not, you are still essentially losing money because you made the -EV choice. And in being given the choice, that is how you lose money by declining the bet.
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I think this is where the two of you are missing eachother. It's a difference between value and losing money. You lose value, but not money, by declining to play the game.
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