HowToDoExactlytheRightThingareAllPossibleTimesorTheIdeaThatChangetheWorldNothing第一页,共十二页。E(u|p,X)=∑p(x)u(x)第二页,共十二页。E(u|p,X)=∑p(x)u(x)ExpectedValue=(OddsofGain)X(ValueofGain)第三页,共十二页。ExpectedValue=(OddsofGain)X(ValueofGain)½X¥10=¥5Yes!第四页,共十二页。ExpectedValue=(OddsofGain)X(ValueofGain)ErrorsinOddsErrorsinValue第五页,共十二页。ErrorsinOddsAretheremore4-letterEnglishwordswithRinthe3rdor1stplace?__R_R___RING,RANG,RUNG…DARE,BARE,PARK…第六页,共十二页。ErrorsinOddsCauseEstimateTomado564Fireworks160Asthma506Drowning1684Per200millionUSresidentsperyearActual90618867380第七页,共十二页。ErrorsinValueIIsthisBigMacworth¥17?ComparingWiththePastinsteadofthePossible第八页,共十二页。ErrorsinValue:ComparingwiththePast¥40KInYear3¥50KInYear2¥45KInYear2¥60KInYear1¥35KInYear1¥55KInYear3第九页,共十二页。ErrorsinValue:ComparingwiththePossible¥¥33¥68¥99¥368第十页,共十二页。ConclusionIfwe’resostupid,thenhowdidwegetonthemoon?第十一页,共十二页。内容总结HowToDoExactlytheRight。ThingareAllPossibleTimes。E(u|p,X)=∑p(x)u(x)。(OddsofGain)X(ValueofGain)。½X¥10。Aretheremore4-letterEnglish。DARE,BARE,PARK。InYear3。Conclusion第十二页,共十二页。