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Old 08-01-2005, 04:02 PM
Jazza Jazza is offline
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Join Date: Mar 2005
Posts: 943
Default Theory From One of Sklansky\'s Books

I have read "Poker, Gaming & Life" by David Sklanksy (is it socially acceptable to admit this in this forum?) and most of it seems logically correct, and is interesting, but one bit I disagree with

Basically DS says that it is illogical for some one to take a 1 in 1000 chance of dying for $25,000. He reasons no one would accept $2.5 million and take certain death, and this has the same mathematical EV as the 1 in 1000 case, therefore it is illogical to take the 1 in 1000 chance of dying for any amount of money.

I would quote a few paragraphs, but I'm not sure about the legality and morality of that or whatever

anyway, before I get into this, I thought I'd let Sklansky confirm or deny this claim, maybe I have missinterpreted what he was trying to say or whatever, but it looks to me like a big mistake
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