Ready for the answer?
Ready for the answer? It turns out that the expected average wealth for a player in this game is more than $50 trillion! That is, the average gain from this coin toss game is hundreds of thousands of times larger than the threshold for being in the top 5%.
— from The Flight Plan (Purpose/Wisdom/Risk) · Practical Uncertainty: Useful Ideas in Decision-Making, Risk, Randomness, and AI by Hossei
Also belongs to
- Expanding Your Range (Growth/Change/Education/Learning/Habit)
- Decisions & Choices (Decision/Choice/Focus/Forethought/Consequences)
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