I am talking about math. In math, we can at least demonstrate things for certain (and prove things for certain, too, though that is admittedly not what I am talking about).
But the point is that we should at least be to bust out our calculators and crunch the numbers. We might not know if these numbers apply to the real world. That’s fine. But at least we have the numbers. And that counts for something.
For example, we can know roughly how much wealth SBF was gambling. We can give that a range. We also can estimate how much risk he was taking on. We can give that a range too. Then we can calculate if the risk he took on had net positive expected value in expectation
It’s possible that it has expected value in expectation, only above a certain level of risk, or whatever. Perhaps we do not know whether he faced this risk. That is fine. But we can still at any rate see in under what circumstances SBF would have been rational, acting on utilitarian grounds, to do what he did.
If these circumstances sound like do or could describe the circumstances that SBF was in earlier this week, then that should give us reason to pause.
I am talking about math. In math, we can at least demonstrate things for certain (and prove things for certain, too, though that is admittedly not what I am talking about).
But the point is that we should at least be to bust out our calculators and crunch the numbers. We might not know if these numbers apply to the real world. That’s fine. But at least we have the numbers. And that counts for something.
For example, we can know roughly how much wealth SBF was gambling. We can give that a range. We also can estimate how much risk he was taking on. We can give that a range too. Then we can calculate if the risk he took on had net positive expected value in expectation
It’s possible that it has expected value in expectation, only above a certain level of risk, or whatever. Perhaps we do not know whether he faced this risk. That is fine. But we can still at any rate see in under what circumstances SBF would have been rational, acting on utilitarian grounds, to do what he did.
If these circumstances sound like do or could describe the circumstances that SBF was in earlier this week, then that should give us reason to pause.