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¥3