Some people are born stupid; these are unfortunate people.

Then you have some people who were not born stupid but do consistently stupid acts so they are village idiots in my book.

My response to Mission146: Mean-Variance & CE

Bird in hand is worth two in the bush as a general comment in the world of (Mean-Variance &) CE.

I don’t have time so I will give a quick and dirty answer.

I wasn’t there but I am assuming a 7/5 DDB triple play game in quarters. The flop was a dealt full house and paid 105 coins per line GUARANTEED if player kept dealt full house.

So UNLESS THE ALTERNATIVE CHOICE WAS WORTH 210 COINS PER LINE WITH RISK, you take the sure winner WITHOUT RISK, respectively (this is quick and dirty analysis)!!

I am too busy dealing with Mission146’s bullspit.

Mean variance (to look it up): https://www.investopedia.com/terms/m...e-analysis.asp

Certainty Equivalent (look it up as well): https://www.investopedia.com/terms/c...equivalent.asp

Again, it 7 units guaranteed at 3X (if player kept the flop) so Mission146 can kindly go f*ck himself. It was 7 * 3 for 21 units for some dumbf*ck who was too stupid to get the units right.

I was so tired of his sh*t on WoV and now he is back to his bullspit on this site.

The real analysis is really complicated due to path dependency but there’s no way I am disclosing high level AP math. It involves 12X GUARANTEED on next consecutive wager ... again, think in terms of mean-variance & certainty equivalence.

Per CE, 12X GUARANTEED is worth roughly 24X with risk and do you think Mission146 the 2nd village idiot of this forums gets this simple point!

Let me just say this: When you have a bird in hand situation, mean-variance & CE answers are just as valid as EV-based answers.