Re:How Manhattan Became a Rich Ghost Town
by Retric on Thursday October 18, 2018 @11:30AM
(#18249127)
Waiting is a risk that may pay off, so that 35% write off still changes the math.
Suppose you are going to make a coin flip bet. On heads you win 1$ cents tails you win 0$. That's worth ~50 cents. Now, suddenly on tails you get 35 cents. By reducing the downside risk it's more worth it to make the bet (67.5 cents).
Suppose you are going to make a coin flip bet. On heads you win 1$ cents tails you win 0$. That's worth ~50 cents. Now, suddenly on tails you get 35 cents. By reducing the downside risk it's more worth it to make the bet (67.5 cents).