To Flip Or Not To Flip
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A deep dive into the classic 'Problem of Points' from 1654, reimagined as an interactive coin-flip game where a house offers cash buyouts before each flip. The offers are always below fair expected value, yet players consistently accept them. The post explores the psychological biases that drive this — risk aversion,
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The Problem of PointsThe GameHow the Judges Set Their OffersGet Chris Smith’s stories in your inboxWhy People SignThe Optimal JudgesThe LessonSort: