jakell
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No user record in our sample, but jakell has activity below (stories or comments). Likely we have partial data — the full bulk-load will fill profiles in.
Great description of a framing I hadn’t considered before, thanks!
You can substitute $ for % in my comment if it helps. If you start with $100, your expected wealth after two throws is the average of $225, $90, $90 and $36.
Absolutely. The individual is long-run guaranteed to be wiped out. But I disagree with the original author’s way of concluding that fact (ie, that it arises from “losing 5% per round”, which is just false).
Exactly
The article concludes that a +50%/-40% coin toss on average loses 10% every two tosses because 150% * 60% = 90%, but that ignores the two heads/two tails outcomes. Including those outcomes, ie AVERAGE(225%, 90%, 90%,…