News for hackers. Stuff that matters.

A comment on A Man Who Abandoned Value. Parent comment

Re:A Man Who Abandoned Value by Aunche on Wednesday March 03, 2021 @03:55AM (#26326146)
Losing doesn't cost anything because you aren't playing with real money. You get the same payout from -100% returns as you would with 20% returns.
[ Parent | on HN ]
Re:A Man Who Abandoned Value by praptak on Wednesday March 03, 2021 @04:33AM (#26326353)
The argument even applies to competitions where you play with your own real money. Any non-zero prize moves the slider a bit towards the riskier strategies.
[ Parent | on HN ]