thiccy on X: "the jackpot age " / X

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To view keyboard shortcuts, press question mark View keyboard shortcuts Messages Article Reply See new posts Conversation thiccy @thiccyth0t the jackpot age 206 610 3.2K 590K This essay is about shifts in risk taking towards the worship of jackpots and its broader societal implications. There is some light math but it will be worth it to read to the end. Imagine you are presented with this coin flip game. How many times do you flip it? At first glance the game feels like a money printer. The coin flip has positive expected value of twenty percent of your net worth per flip so you should flip the coin infinitely and eventually accumulate all of the wealth in the world. However, If we simulate twenty-five thousand people flipping this coin a thousand times, virtually all of them end up with approximately 0 dollars. The reason almost all outcomes go to zero is because of the multiplicative property of this repeated coin flip. Even though the expected value aka the arithmetic mean of the

This essay is about shifts in risk taking towards the worship of jackpots and its broader societal implications. There is some light math but it will be worth it to read to the end. Imagine you are presented with this coin flip game. How many times do you flip it? At first glance the game feels like a money printer. The coin flip has positive expected value of twenty percent of your net worth per flip so you should flip the coin infinitely and eventually accumulate all of the wealth in the world. However, If we simulate twenty-five thousand people flipping this coin a thousand times,…

thiccy on X: "the jackpot age " / X

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