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Re:The expected value of the game is positive regardless of ... by carlob on Friday September 06, 2024 @07:51AM (#41465291)
Yeah but that utility function will not be a linear function of money so you can't say EV(u($$)) == u(EV($$)). This is the mathematical formulation that tells you that it is irrational to risk all your money to make an extra dollar even if u(EV($$)) is positive EV(u($$)) can be negative.

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