Facelikeapotato@lemmy.ml to WholeSomeMemes@lemmy.ml · 1 year agoQuitting is for winnerslemmy.mlimagemessage-square21fedilinkarrow-up1914arrow-down117
arrow-up1897arrow-down1imageQuitting is for winnerslemmy.mlFacelikeapotato@lemmy.ml to WholeSomeMemes@lemmy.ml · 1 year agomessage-square21fedilink
minus-squaremommykink@lemmy.worldlinkfedilinkarrow-up1arrow-down16·1 year agoHmm let’s do the math real quick: If I leave the table now, I’m garaunteed to lose $7,200 If I keep playing, I have a 50% chance (either I will or I won’t) to earn a billion gajillion dollars. But yeah, quitting is for “winners” 🤣🤣
minus-squareHamartiogonic@sopuli.xyzlinkfedilinkarrow-up1·1 year agoIf you’re doing it only once, pick whatever option feels right. If you’re in these situations all the time, you really got to read about expected value. Statistics and probabilities can be very counterintuitive.
Hmm let’s do the math real quick:
If I leave the table now, I’m garaunteed to lose $7,200
If I keep playing, I have a 50% chance (either I will or I won’t) to earn a billion gajillion dollars.
But yeah, quitting is for “winners” 🤣🤣
If you’re doing it only once, pick whatever option feels right. If you’re in these situations all the time, you really got to read about expected value. Statistics and probabilities can be very counterintuitive.