Nitpick: Assuming that for every positive state there is an equally negative state is not enough to think that the maximally bad state is only β100% of the expected value of the future, it could be much worse than that..
Nitpick: Assuming that for every positive state there is an equally negative state is not enough to think that the maximally bad state is only β100% of the expected value of the future, it could be much worse than that..