You are wrong on two things.



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送交者: Enlighten 于 2006-4-27, 13:50:58:

回答: 普通人基本上不关心概念,但我同意方没有写好这一篇 由 xj 于 2006-4-27, 13:35:29:

The monkey story is used to illustrate the simple fact 3+4=4+3. The time discount was assumed away in this story. You cannot take the story out of its literature context.

You can use risk aversion to justify not gambling in a single trial. But with 20 trials, you have to be extremely risk averse to not gamble. So it is irrational in 20 trial situation.



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