View Single Post
  #11  
Old 11-19-2007, 12:37 PM
punter11235 punter11235 is offline
Senior Member
 
Join Date: Mar 2005
Location: Check out my blog
Posts: 3,239
Default Re: Are Flu Shots -EV?

As any insurance. They are -EV money wise (as cost of getting a flu multiplied by probabiilty of getting it is less than cost of the shot) but +EV utility wise (if your utility function is similair to the one of most people).
This is why you pay for insuranc. It evens out variance which is worth something (well at least for most people).
Reply With Quote