Jim Henderson wrote:
> 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?

Right. But disagreeing with someone else's utility function isn't "stupid" 
or "being better at math".   It's the same math. You're just disagreeing 
with the value people put on their money.

-- 
   Darren New, San Diego CA, USA (PST)
   There's no CD like OCD, there's no CD I knoooow!

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