Pascal's Wager scam
Expected value is roughly
probability * value
Problem is, there’s zero cost for the scammer to claim the value to be arbitrarily high, easily overwhelming the probability half.
So for retards who arbitrily translate “low chance” into something like 1% chance — trivial for a scammer to overwhelm that just by claiming the thing has a gigantic payoff if true.
(This isn’t actually the name of the scam, and AFAIK it may not have any name coined for it, but very common statistical scam.)
Expected value is roughly
probability * value
Problem is, there’s zero cost for the scammer to claim the value to be arbitrarily high, easily overwhelming the probability half.
So for retards who arbitrily translate “low chance” into something like 1% chance — trivial for a scammer to overwhelm that just by claiming the thing has a gigantic payoff if true.
(This isn’t actually the name of the scam, and AFAIK it may not have any name coined for it, but very common statistical scam.)
What I do wonder is
— Will this $DJT thing be able to suck up so much of the dumb money that would’ve otherwise dumped,
That it’ll enable the bull run to resume?
Have often wondered this over the years, with big hacks that effectively lock up giant amounts of money that otherwise would’ve quickly dumped.
— Will this $DJT thing be able to suck up so much of the dumb money that would’ve otherwise dumped,
That it’ll enable the bull run to resume?
Have often wondered this over the years, with big hacks that effectively lock up giant amounts of money that otherwise would’ve quickly dumped.