There is asymmetry. Those who die do so very early in the game, while those who live go on living very long. Whenever there is asymmetry in outcomes,… - Nassim Nicholas Taleb

Consider a more extreme example than the casino experiment. Assume a collection of people play Russian roulette a single time for a million dollars — this is the central story in Fooled by Randomness. About five out of six will make money. If someone used a standard cost-benefit analysis, he would have claimed that one has an 83.33 percent chance of gains, for an “expected” average return per shot of $833,333. But if you keep playing Russian roulette, you will end up in the cemetery. Your expected return is … not computable.

Thursday Wisdom: "If someone's insults' bother you; it is evidence that you respect him."

It is as hard to fake indifference when you are interested as it is to fake interest when you are indifferent.