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Re:The Equity Equation by admoin on Thursday July 19, 2007 @12:23AM (#35174)
That works, except then I guess the hole was not making it clear enough that you were talking about utility rather than expected value. The problem with your response, and the reason that I don't really see it as a good explanation, is that your basic principle is far less useful if it requires the user to calculate their expected utility.
Re:The Equity Equation by pg on Thursday July 19, 2007 @12:48AM (#35179)
In practice it's not hard, because nearly all founders' utility functions are practically step functions.