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What if we phrase a Pascal's Wager-like problem like this:

If every winner of a certain lottery receives $300 million, a ticket costs $1, the chances of winning are 1 in 250 million, and you can only buy one ticket, would you buy that ticket?

There's a positive expected value in dollars, but 1 in ...(read more)

<i>It can be defined by the net present value of the future dividends of the stock. Alternately, it can be determined by the per-share liquidation value of the company's assets (after creditors are paid).</i>

So if the stock does not pay dividends, and never will, and the corporation's assets equal...(read more)

<i>Doug: Sony loses money on every PS3, so it would be bad news if people bought them for FF and bought few other games; I don't know how plausible that is.</i>

Yeah, that would probably be bad, too; a PS3 sold that doesn't generate much additional revenue is just a straight loss. On the other hand...(read more)

Once upon a time, I thought I saw some important news that should have affected a company's stock price, as it would have led to significantly decreased demand for one of the company's flagship products.

I looked at the stock price, and after the trade show in which the announcement was made, the v...(read more)

<i>But clearly that person does not likewise think that the price of OB is going to go way up, because if she did, why would she sell it to you now, at the current price?</i>

Maybe she needs to increase liquidity for some reason? For example, the IRS wants payment in cash, not stock. Additionally, ...(read more)

I've heard (secondhand) stories about people being inspired to enter technical fields because of the television program Square One.

What if, realistically, your plan turns out to be "Do nothing of consequence, and let my successor deal with the mess?" You probably don't want to actually tell people that, even if that's the way the incentives turn out. (For example, my father works for a company that recently fired its CEO, after...(read more)

I wonder... are the works of Karl Marx idealistic, cynical, or both?

Regarding Judiasm: my father had a similar experience as a child. He assumed that the Hebrew passages he was given must have been great and profound because, well, they came from God. When he finally did read a translation, he was annoyed because they were the kind of stupid banalities that any idio...(read more)