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A comment on The expected value of the game is positive regardless of Ballmer’s strategy. Parent comment

Re:The expected value of the game is positive regardless of ... by TheOtherHobbes on Friday September 06, 2024 @07:57AM (#41465333)
It's interesting that in this context the assumption of infinite growth is obviously unrealistic - but in the context of trad econ, infinite growth is considered a bedrock assumption.

Putting them together suggests it's flagrantly irrational to apply naive toy models to the real world. Even if they do have a nice mathy sheen.

Engineers (mostly) know this, but for some reason gamblers and economists (mostly) act as if they don't.

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Re:The expected value of the game is positive regardless of ... by lern_too_spel on Friday September 06, 2024 @02:11PM (#41468436)
When you're this far away from saturation, infinite growth is a good approximation.
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Re:The expected value of the game is positive regardless of ... by lern_too_spel on Friday September 06, 2024 @05:41PM (#41469934)
I don't mean specifically the St. Petersburg paradox but in the context of most things that economists analyze that have an infinite growth assumption.
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