On Fri, 15 May 2009 09:58:20 -0700, Darren New wrote:

>  There's also a utility
> function that changes based on the amount of money you're betting.

That "utility function" can be represented as a mathematical formula, 
though.  It isn't a single equation, arguably, and each person's 
assessment of the risk involved would be different, but that's what 
"playing the odds" is, isn't it?

Jim

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