Re:Another reason many startup founders are young - salary
by davidw on Tuesday September 25, 2007 @03:55PM
(#59527)
Theoretically, you could make one of those calculations like the one that says that a 50% chance at 2 million dollars is equal to a sure million dollars. To real-world proof it though, you'd have to factor in risk aversion.
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Re:Another reason many startup founders are young - salary
by timr on Tuesday September 25, 2007 @10:52PM
(#59684)
That's called an expected value calculation:
http://en.wikipedia.org/wiki/Expected_value
I'm only pointing it out because I also want to note that it's a great way to determine if the contestants on Deal or No Deal are being boneheads.... ;-)