Also, you can get good grades and be a moron. My HS valedictorian was the dumbest person I have ever met. She could regurgitate information on a test, but didnāt understand a bit of it.
Last I checked she was hocking some MLM bullshit on Facebook.
MLM
So every time this abbreviation comes up I have to ask, are you talking about Multi-Level Marketing, Men Loving Men, Marxism-Leninism-Maoism or Muslim Lives Matter?
What do the context clues suggest?
Do you think they are talking about someone selling a Marxism package?
Sorry I didnāt know what āhockingā meant. That doesnāt really help tho, can you sell multi level marketing?
teching math
Wisdom vs Intelligence. Thereās also something to be said about being knowledgeable in your field and thinking youāre knowledgeable in all fields
Itās late for me, so maybe Iām not getting your joke. I was implying that intelligence was used for the math degree and lack of wisdom in buying scratchers. I was also trying to reference an oft quoted DnD Stat meme;
Strength is being able to crush a tomato
Dexterity is being able to dodge a tomato
Constitution is being able to eat a bad tomato
Intelligence is knowing a tomato is a fruit
Wisdom is knowing not to put a tomato in a fruit salad
Charisma is being able to sell a tomato based fruit salad
Thereās also something to be said about being knowledgeable in your field and thinking youāre knowledgeable in all fields
Yup that right there is the core of this issue, happens to the best of us.
Fortunately it doesnāt happen to me, Iām a CS expert but also a sociology expert so I know how to distinguish it
Also IQ is not intelligence. Iām seeing more and more posts from people who talk about IQ like itās their real-life INT stat. Is this just an American thing? Do people use the terms interchangeably or are you guys all doing IQ tests regularly and ranking yourselves by how good you are at puzzles?
To be fair I never mentioned IQ. I was just trying to make a joke. You can take it up with the original greenposter.
Oh yeah I agree with you. Iām building on your point and questioning OOPās use of IQ!
You canāt win if you donāt play.
If the expected value is positive, then by all means you should play the lottery. Just bear in mind that the utility of money is nonlinear, so Kelly will overextend you - use something like max log-value and rederive.
The only time this happens are either scratch off tickets that are horribly broken or rolling-jackpot lotteries where you can win what other people put in before you.
Even if the math works out that the lottery would be EV+, you still canāt know for sure it isnāt crooked
Just bear in mind that the utility of money is nonlinear, so Kelly will overextend you - use something like max log-value and rederive.
Iām too stupid to piece together what this means, but Iām interested.
Kelly is a betting stake formula? But deriative of max log-value will provide a better result?
i got you, watch this for understanding of kelly criterion
Kelly is the betting stake formula - just plug in the expected value and it will tell you how much of your money you should gamble to maximize your winnings over time. But it does that with more or less a 50-50 chance of you losing all your money. Because winning 10 dollars means a lot more to someone who makes minimum wage than a millionaire, you need to skew the formula to take that into account.
The easiest way to do that is to use the log-value of money, and rederive the kelly criterion based on that value instead.
From what I recall the math works out so that unless you have a substantial pile of money, the ideal number of lottery tickets is always between 0 and 1.