Re: Value of Your Roll/Risk Aversion
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This is in the area of an answer I was curious to see. I remember reading part of SS where Doyle mentions somewhere that he would risk his whole bankroll on something because he knew he could win it back. So I guess I wanted to see whether anyone here was confident (or crazy) enough to say the same.
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I think the determining factor would be the size of my bankroll. I'd be more willing to risk a BR less than $1000 on a fairly marginal decision than a BR greater than $2000. With other sources of income, I could much more easily replace the smaller bankroll than the larger one. While the numbers may be different, I think a similar effect should be true for most people.
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