As in my handicapped parking idea, most of the money would be used to help the disabled. The general idea would be that some public businesses that have few disabled customers and are facing large expenses to retrofit, should be allowed to contribute perhaps half that amount to disabled causes to avoid that retrofit. Probably… Continue reading Allow Some Businesses to Buy Out of Disability Rules.
Author: David Sklansky
Observations
14. “First Do No Harm” Can Be Harmful. Those readers who are advantage gamblers certainly realize where I am going with this. If the “expected value” of a medical procedure is significantly higher than doing nothing, it is malpractice to settle on doing nothing just because doing something occasionally does harm. Undoubtedly most doctors know… Continue reading Observations
Math/Gambling
9. The Decision Favored to Be Wrong May Be Right. That can happen if that alternative has a much larger upside, a much smaller downside, or if it can be reversed if going poorly while the other decision(s) can’t. 17. Math Questions That Need Almost No Math. Two Examples: #1. We flip coins for a… Continue reading Math/Gambling
The Decision Favored to Be Wrong May Be Right.
That can happen if that alternative has a much larger upside, a much smaller downside, or if it can be reversed if going poorly while the other decision(s) can’t. No further explanation needed. All comments welcome.
Don’t Confuse Clearcut Errors with Bad Errors
Don’t underestimate someone who, perhaps purposely, does something known to be wrong but actually is barely worse than its alternative. Making the two point with 6-4. Reraising early with 55. Other stuff from real life. They may be trying to lull you into making your own much worse mistakes. No further explanation needed. All comments… Continue reading Don’t Confuse Clearcut Errors with Bad Errors
Equip Cars With a “SORRY” Light.
Push a button to light it up when you inadvertently cut someone off, stop too short, etc. Some percentage of road rage incidents will be nipped in the bud. (You can buy something like this right now.) No further explanation needed. All comments welcome.
The Fundamental Theorem of Investing.
A name I made up to express an important idea that many people kind of sort of know intuitively. Don’t risk a lot of money on an investment, bet, or purchase, that appears to be a great deal, unless you can figure out why the people taking the other side are doing it, and why… Continue reading The Fundamental Theorem of Investing.
Standardize End Game Decisions on Bettable Games Out of Reach.
Now that legal sports betting is widespread, decisions such as whether to “take a knee” on their one-yard line as a 20-point favorite, when winning by 18, with seconds to go, should not be up to the coach. He can’t pretend not to know the spread. It is because sports betting is legal in so… Continue reading Standardize End Game Decisions on Bettable Games Out of Reach.
Passing Up a Good Bet for a Better One.
Not a good idea if winning the first allows you to bet it all on the second. Or if the second bet is only a little better. But sometimes it is a good idea. If your $100 bankroll is temporarily not replenishable, and you can bet up to that amount both today and tomorrow, wait… Continue reading Passing Up a Good Bet for a Better One.
Close the Gap Between Drunk Driving and Drunk Driving Manslaughter Punishments.
Assuming similar blood alcohol levels and degree of reckless driving. Why should luck play such a big part? There are many other examples. I wasn’t just thinking about drunk driving here. And I wasn’t merely suggesting that those lucky enough to cause less harm be given greater punishment. The opposite is true as well. If… Continue reading Close the Gap Between Drunk Driving and Drunk Driving Manslaughter Punishments.