Re: Problem: EV++ and risk tolerance in a multiple decision scenario.
Top: You are correct that there's no reason to stop just because it's being played multiple times in a row.
If someone offered me 8K with 1 to 5 odds of doubling it, I would probably not take the risk. While there are tons of people who would, to me $8,000 is too much to risk all at once. I'm just a nit.
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