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Aug
22
comment Kelly Criterion Observed to Be Adhered by Psychopaths?
@WhyDoYouThinkThatIsTrue I appreciate it!
Aug
22
comment Kelly Criterion Observed to Be Adhered by Psychopaths?
@Krysta plz note edit
Aug
22
awarded  Editor
Aug
22
revised Kelly Criterion Observed to Be Adhered by Psychopaths?
added 2040 characters in body
Aug
21
comment Psychopaths' Response to Expected Losses?
lol, no way can I expect an immediate answer here: this is a very difficult stack, like math, where answers come from research that's probably few and far between since its so cutting edge and the difficulty (value) of the stacks' general concepts is so large. jmho. (+1 for your studies, question's value!)
Aug
21
comment Psychopaths' Response to Expected Losses?
Back at you! Well, I'm still on the fence. This all started for me b/c I saw an article titled something like "Is Warren Buffett a psychopath" that referenced the two studies in my two questions. It got me thinking "can WB's wealth really be boiled down to some sort of superman emotional control?" since he literally started from $0 (no family money, Graham refused to hire him for years(?), etc). Just a curiosity for me. I think I still need to see their responses to -E[X(t)] to be satisfied...
Aug
21
awarded  Supporter
Aug
21
comment Psychopaths' Response to Expected Losses?
If memory serves, I think participants were allowed to keep any money they do not gamble. Yes, my last comment you referenced was overly critical. What I meant is that it would be hard (for me at least) to draw conclusions unless if the psychopaths gambled everything away when offered negative expected values.
Dec
8
comment Psychopaths' Response to Expected Losses?
@Jeff Looks like I misread the study. Oh well. I'm still curious about whether psychos accept negative expected values. Re lotto always being negative, the last huge drawing was not even after taxes (I think). There was another satisfying the criterion around 2005 or so. The odds are 175M:1. The ticket costs \$2. As long as the instant payout is +$350M, it's positive. I think whether taxes should be taken into account is probably best left to the quant exchange. LOL
Dec
8
comment Psychopaths' Response to Expected Losses?
@Jeff Totally, but I'm wondering if they're as perfectly selfish as they're "defined" to be. The lotto's a potentially dangerous example since it becomes a positive expected value every 5 years. Kelly would prevent a psychopath from lottoing though. Wait, are psychopaths now limited to prefrontally damaged?
Dec
8
comment Psychopaths' Response to Expected Losses?
@Jeff No. That one's asking about whether psychopaths adhere to the Kelly Criterion, assuming that they prefer positive expected values. Kelly places logical limits on gambles vs risk, payoff, & "bankroll". This one questions whether just because they accept positive expected values down to nothing, they may just love to gamble.
Dec
8
asked Psychopaths' Response to Expected Losses?
Dec
6
awarded  Student
Dec
5
asked Kelly Criterion Observed to Be Adhered by Psychopaths?