Re:The real cause of the financial crisis -- An MIT Blackjac...
by Retric on Wednesday January 14, 2009 @12:05PM
(#433863)
A lot of strange things happen when the players have diffrent amounts of information.
EX: Would you bet 1 billion dollars with slightly less than even odds?
Well if you don't have a billion dollars then your real risk could be much lower vs. your potential gain. The real question is who would trust you to actually have a billion dollars? That's the real sucker, unless he also lacks a billion dollars.
EX: Would you bet 1 billion dollars with slightly less than even odds?
Well if you don't have a billion dollars then your real risk could be much lower vs. your potential gain. The real question is who would trust you to actually have a billion dollars? That's the real sucker, unless he also lacks a billion dollars.