If you don't care about negative expected values, bets of that nature are widely... | Hacker News

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		lxgr on June 1, 2022 \| parent \| context \| favorite \| on: Former OpenSea employee charged in digital asset i... If you don't care about negative expected values, bets of that nature are widely available in many countries in the form of lotteries.

IanCal on June 2, 2022 [–]

I didn't say people don't care, but that the EV is not relevant for calling it an asymmetrical bet.

The EV may also be under 1 for the value but may be >1 for utility. That can easily be true for things with more moderate returns than the extremes of lotteries.

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