I'm no decision theorist but I think they should wait for the rewards outweigh the expected harms in expectation rather than being statistically equal.
I'm no decision theorist but I think they should wait for the rewards outweigh the expected harms in expectation rather than being statistically equal.
Fortune favors the bold.
If they took the right gamble, that is :-)
You miss 100% of the shots you don't take.
And sometimes 1000% of the shots that you do. (See, e.g., derivative trading.)
By that logic, you never stop playing a double-or-nothing game. Good luck!