Quote:
Originally Posted by Snagglepuss
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This way, your actions that have positive expected value will pay off over time...
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This is highly misleading. The conditions that have to be met in order to calculate the probability of
events in terms expected value are extremely unrealistic and in most cases make the calculation itself moot.
Best way to think about it is like Sirken said. It doesnt give you a practical answer because there is no practical answer.
02-04-2013, 05:22 PM
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