Moved drafts into a Draft folder, that's clearer for readers and me as the author

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Marco D'Agostini
2021-02-17 15:18:53 +01:00
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tags: me, values, draft
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*WARNING: this is work-in-progress, and has many disconnected trains of thought*
# Core values
Theoretically, these values do not depend on any truth about the world we live in
- Preserve **my identity** as much as possible
**My Identity** breaks the boundaries of my own physical body, my family is also part of who I am but in a lesser extent. The same goes for friends, strangers, living beings, and non-living things too. But also the things that made us.
I think as things get emotionally farther, the less I consider them to be **me**.
This is probably a reaction to the fear of dying.
# Sub-Values
Values that are a consequence of my **core values** and the way the physical world works
- Maximize people's values, as long as they don't conflict with a common shared values
As a society have we ever defined these **shared values** in a cristal clear way?.\
I'm not sure what the differences are among countries.\
Shouldn't congresses around the world vote about this?, Do they do it and I'm just ignorant?\
I don't even know the values of the societies I am part of, I should know this!
- Improve, improve, improve! (But improve what?)
- Equal oportunities among humans (redundant?)
- Knowledge
- Intelligence
# Biases
Like sub-values but applies when in doubt (high uncertainty) about the physical world, so these values may be wrong and might change in the future if more knowledge is gathered or dynamics of the physical world change. But I have a strong enough opinion to put them here
- Democracy
- I value honesty, but mostly I hate perverse social dynamics that requires me to lie in order to succeed (I hate this so hard!) and I love to incentivize situations where honesty emerges as a social dynamic consequence. So I'm sympathetic to other people that lie under the burden of perversive social dynamics
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tags: probability, expected value, math, blog, investment, gambling, draft
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*WARNING: this is work-in-progress, and has many disconnected trains of thought*
# How to gamble rationally
Gambling is essentially an investment, and almost surely a bad one in lotteries and casinos, and a negative-sum-game in the betting industry.
But gambling can be a good investment and a positive-sum-game if we use it to bring investment opportunities, that are too expensive for our budget, into our possibilities with an X% chance of happening, and thus increase the **expected value** of the same budget.
## Pre-required readings
<details>
<summary>What is <strong>expected value</strong>?</summary>
asdadasd
</details>
<details>
<summary>How <strong>expected value</strong> power <strong>investments</strong>?</summary>
- When expected value is below target, increasing variance increases the chance of reaching the target
- Subjective value of money does not correlate linearly with its quantity
- A gambling's expected value is less than the betting quantity, i.e. on itself is a bad investment. But things can change if you mix it with the expected value of a profitable investment that is normally beyond your budget, hence out of your reach. In other words, betting increases variance, and since budget is below the investment required, it increases chance of making that investment
</details>
## Expected value
<https://bestbet.data36.com>