Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas
AMA | September 2024
Sean Carroll
And I think that it is kind of like a log function. But of course, the actual curve is going to depend on psychology and individual idiosyncrasies and things like that. So you have to make assumptions, some assumptions to get there. But the point of Nate Silver's examples is that this is not a 50-50 bet for two times the money.
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