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  #1  
Old 04-14-2007, 05:53 PM
George Rice George Rice is offline
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Location: Staten Island, NY
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Default Re: Russian Roulette

[ QUOTE ]
There's no value in risking death. Life has value, death does not.

[/ QUOTE ]

Death is inevitable. A decent quality of life is not. It's a matter of personal choice where someone draws the line of risk/reward.
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  #2  
Old 04-14-2007, 06:13 PM
fraac fraac is offline
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Posts: 752
Default Re: Russian Roulette

There is a better way to phrase this question. It's a well known test of statistics students' idiocy, apparently. Read it recently on this blog, I think: http://www.stat.columbia.edu/~cook/movabletype/mlm/

Something like: how much cash would make you accept a 1/20000 chance of immediate death?

My correct answer ('my answer' because we have to be intolerably conceited in this forum, I understand) is "the smallest amount of cash that means something to me... about 60 quid, which I can buy sex with."

Apparently many students would decline any amount of cash!
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  #3  
Old 04-14-2007, 06:30 PM
jimmytrick jimmytrick is offline
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Default Re: Russian Roulette

I think life insurance policys have a term beyond which a suicide's benificiaries will collect, so you can get into situations where the proceeds would exceed the projected income and thus be plus EV to the estate.
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  #4  
Old 04-15-2007, 01:52 PM
shaniac shaniac is offline
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Posts: 4,386
Default Re: Russian Roulette

go ahead and put a dollar value on your life, then, sure, there's potential EV in High Stakes Russian Roulette
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