Defence in anarchy

[ToxicAssets]

I’ve split the debate about rational expectations to another thread, you might want to check it out:

Mathematical expectation and rational decision taking [split from "Defense in anarchy" thread]

Haha.. cute. The problem though is that I’m not a chick and I’m no homo. So you should save your “negs” and cute little lines for someone else… Anyways, I was trying to show you that even though the concept of mathematical expectation is at the heart of every decision under uncertainty, things are little bit more complicated than that. It is not the mathematical expectation of the monetary return of a gamble that determines whether that gamble is worthwhile or not. It is the mathematical ex…