Russian Roulette

[George Rice]

[ 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.

[fraac]

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!

[jimmytrick]

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.

[shaniac]

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

[jjshabado]

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

[/ QUOTE ]

Clearly not true. Since logically this is equivalent to:

There's no value in risking money. Money has value, the absence of money (since death is just the absence of life) does not.

[guysmilie]

It depends on your win rate and bankroll. LOL. Guy.

[Dima2000123]

I suggest you run it six times to reduce variance.

[shaniac]

[ QUOTE ]
I suggest you run it six times to reduce variance.

[/ QUOTE ]

looolll.

[RudeboyOi]

its tough to put into words
but i had this burrito once
that was to die for!

[drunkencowboy]

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

[/ QUOTE ]

Clearly not true. Since logically this is equivalent to:

There's no value in risking money. Money has value, the absence of money (since death is just the absence of life) does not.

[/ QUOTE ]

Uhh.. so do you think there is value in risking money or what?