Re:Sam Bankman-Fried is going to jail
by lordnacho on Tuesday August 15, 2023 @01:25PM
(#37136730)
I took it to mean "I understand the St Petersburg Paradox, but I think I have a way out".
Which is actually why it's both intelligent and dumb at once. You have to have done some reading in your life to understand this thing. As someone who did well at math and worked in trading, he would have come across it. But it's also unwise because actually lots of other people have also studied it for a long time, and they are not declaring victory.
Which is actually why it's both intelligent and dumb at once. You have to have done some reading in your life to understand this thing. As someone who did well at math and worked in trading, he would have come across it. But it's also unwise because actually lots of other people have also studied it for a long time, and they are not declaring victory.