The Stolen Money Game (Pascal's Mugging)

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  • Опубліковано 4 жов 2024
  • A money game exists in which the potential payoff from being robbed makes perfect mathematical sense… but I won’t play it. Will you?
    “Pascal’s Mugging” is derived from the classic philosophical scenario of Pascal’s Wager, which posits that it’s rational for humans to behave as though God exists. If they’re wrong, they don’t lose much; if they’re right, they have an infinite payoff in the afterlife.
    The scenario of Pascal’s Mugging stems from Eliezer Yudkowsky’s unique twist on the original wager: what if a thief promised you a tremendous payoff tomorrow for stealing your wallet today? At what point would the near-infinitesimal odds of a criminal rewarding you tomorrow actually warrant you giving them a small amount of money right now?
    If we process the situation by using expected value, we could very well be giving up our wallets to criminals who we know without a doubt will disappear forever, and the math would reinforce our decision. The consequences of that mathematical rationalism extend not only into everyday behavior, but also into areas like artificial intelligence. If math can lead us into bad decisions, how can we possibly program AI to act in our best interest?
    The next time a creepy baby threatens to steal your wallet, consider the nuanced ramifications in decision theory, probability theory, and utilitarianism -- and to what degree we’ve made progress on the problem over the last 400 years.
    ** SOURCES **
    “Pascal’s Mugging,” Nick Bostrom: nickbostrom.co...
    “Pascal’s Mugging: Tiny Probabilities of Vast Utilities,” by Eliezer Yudkowsky: www.lesswrong....
    “Pascal’s Muggle: Infinitesimal Priors and Strong Evidence,” by Eliezer Yudkowsky: www.lesswrong....
    “Pascal’s Wager,” Stanford Encyclopedia of Philosophy: plato.stanford...
    Benn, Alfred W. “Pascal's Wager.” International Journal of Ethics, vol. 15, no. 3, 1905, pp. 305-323. JSTOR, www.jstor.org/...
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КОМЕНТАРІ • 1 тис.

  • @LobbsterSockrates
    @LobbsterSockrates 3 роки тому +2277

    Counter point: $10 is a small price to pay to get a weird demon baby to leave you alone

    • @KohuGaly
      @KohuGaly 3 роки тому +243

      counter counter point: I get to keep my $10 dollars AND a weird demon baby

    • @Havron
      @Havron 3 роки тому +178

      @@KohuGaly “Come one, come all! Step right up and see the weird demon baby! Only $20!”

    • @davidwallace7543
      @davidwallace7543 3 роки тому +7

      @@KohuGaly 🤣🤣🤣🤣😂

    • @davidwallace7543
      @davidwallace7543 3 роки тому +1

      😂😂😂

    • @ΒαγγέληςΔ-β9ω
      @ΒαγγέληςΔ-β9ω 3 роки тому +9

      It's gonna come back for MORE

  • @Mauripsu
    @Mauripsu 3 роки тому +1603

    "I'm being mugged by a baby"
    That's probably not the weirdest intro he has done

    • @AxxLAfriku
      @AxxLAfriku 3 роки тому +5

      ORORORORO!!! I spend half of my day sleeping! ORORORO!!! Then I sometimes get up and tell you that I am a famous content creatorORORORORO!!! Please don't sleep while driving, dear maueo

    • @TheGamer-hd4ef
      @TheGamer-hd4ef 3 роки тому +2

      @
      Mauro Padrón No sir you're probably being Bugged by a May be, now sit back and enjoy debugging yourself.... hhhh :)

    • @lukegreen1063
      @lukegreen1063 3 роки тому +15

      The best one: "I have 25... babies"

    • @ThatFoxxoLeo
      @ThatFoxxoLeo 3 роки тому +7

      @@AxxLAfriku what

    • @impendio
      @impendio 3 роки тому +1

      *Berd wants to know your location*

  • @dstinnettmusic
    @dstinnettmusic 3 роки тому +2200

    “Balloon argues with doll about money”

    • @Vsauce2
      @Vsauce2  3 роки тому +1052

      I AM REAL KEVIN

    • @wanderingshade8383
      @wanderingshade8383 3 роки тому +676

      @@Vsauce2 THAT'S WHAT BALLOON KEVIN WOULD SAY

    • @michaelcadieux
      @michaelcadieux 3 роки тому +132

      What if neither of them are real Kevin? O.o

    • @omarandre293
      @omarandre293 3 роки тому +65

      @@wanderingshade8383 are you the real kevin?

    • @eric718_
      @eric718_ 3 роки тому +37

      @@wanderingshade8383 GET HIM!

  • @mduardo
    @mduardo 3 роки тому +1169

    My good ol' high school mates wanting to introduce me in a pyramid scheme

    • @magicjello4633
      @magicjello4633 3 роки тому +11

      Love the profile pic ;)

    • @AgentM124
      @AgentM124 3 роки тому +14

      Egypt studies I see?

    • @mduardo
      @mduardo 3 роки тому +6

      @@magicjello4633 Just contributing to the cause

    • @P0w_art
      @P0w_art 3 роки тому +1

      @@mduardo what cause

    • @mduardo
      @mduardo 3 роки тому +4

      @@P0w_art A new Super Monkey Ball game

  • @mikieswart
    @mikieswart 3 роки тому +444

    intelligence is knowing that, mathematically, it’s a good deal
    wisdom is knowing to never trust strange babies you come across on the streets

    • @RedOctober_
      @RedOctober_ 3 роки тому +5

      "The wise seem dim-witted at first"

    • @G_Alamia
      @G_Alamia 3 роки тому +16

      If you think that even mathematically it’s a good deal then it doesn’t show intelligence, it just tells you that probably you didn’t account for something in your calculations or assumed something incorrectly along the way... because that definitely isn’t a good deal.

    • @georgecataloni4720
      @georgecataloni4720 3 роки тому +1

      I hate street babies.

    • @antanis
      @antanis 3 роки тому +4

      @@G_Alamia as a purely mathematical experience this is always a good deal as far as the first version goes at some point the odds are in your favor. That's said, if a pascals mugging were to take place in real life I think most people would refuse and be rational in doing so. The expected return vs the relative value 10 dollars is the biggest question.

    • @JohnSmith-xf1zu
      @JohnSmith-xf1zu 3 роки тому +9

      @@antanis As someone else already pointed out, as the expected payout increases, the likelihood that the doll will follow through with that amount correspondingly decreases. So the expected value still tends towards zero.
      The only reason this scenario exists is by completely ignoring this fact when doing the initial math, but then countering the math with this fact afterward, pretending that our reasoning has outsmarted math. I know a lot of these scenarios are contrived to teach a math lesson, but this one has to be the most contrived.

  • @Multyplied
    @Multyplied 3 роки тому +635

    Breaking News: Doll gave the entire world GDP to a balloon, stock market crashes.

  • @tiger5869
    @tiger5869 3 роки тому +310

    If I have $10 in my wallet, I can live with giving up my $10, but giving up my wallet is not an option

    • @niftyspiffyguy
      @niftyspiffyguy 3 роки тому +22

      Updating your ID at the DMV is inconvenient in its own right let alone everything else in a wallet

    • @Deado
      @Deado 3 роки тому +3

      I would never give up my Ridge Wallet

    • @200odd300
      @200odd300 3 роки тому +2

      @@Deado you actually had a ridge wallet?

    • @Deado
      @Deado 3 роки тому +2

      @@200odd300 unfortunately not, wish I did tho

  • @lukasseirlehner3080
    @lukasseirlehner3080 3 роки тому +524

    "Stealing 10 bucks from people and giving them 1000$ the next day" ...sounds like a new MrBeast video 😂

    • @kajxqeirscl
      @kajxqeirscl 3 роки тому +5

      true

    • @malexthegreat
      @malexthegreat 3 роки тому +9

      True if this offer was made by mr beast I would accept it

    • @giggle6070
      @giggle6070 3 роки тому +2

      Minus the stealing part

    • @crashdemons
      @crashdemons 3 роки тому +1

      More like Bernie Madoff video
      (assuming the doll has to find illegal ways to make the payments)
      Unfortunately, people *have* played out Pascal's Mugging in ponzi schemes.

    • @ZekeBittersweet
      @ZekeBittersweet Рік тому

      The chaos makes me think more of Max Fosh actually

  • @AtomicShrimp
    @AtomicShrimp 3 роки тому +530

    If I plot my 'gut' confidence that the promise of reimbursement is real, it rises after $10, but peaks at maybe $100, then goes back down. Someone who needs $10 might pay back $20 tomorrow; they might be genuinely desperate enough that they would pay back $100 tomorrow, but it seems that anyone who has access to a thousand, a million, a billion to pay back tomorrow, is decreasingly likely to be asking for $10 today.
    But I concur with your final conclusion - regardless their relative probability, all of them are too unlikely for my appetite

    • @DrDrao
      @DrDrao 3 роки тому +1

      Why hello there.

    • @jasonnong3305
      @jasonnong3305 3 роки тому +6

      Wow I never thought I would see you here, I love your videos !

    • @agushernandez6083
      @agushernandez6083 3 роки тому +1

      Hey, It's Atomic Shrimp! I love your vids.

    • @henryrichard7619
      @henryrichard7619 3 роки тому +17

      If 100 rich Nigerian widows email me about each one sending me $1,000,000 tomorrow if I wire her $100 dollars today, what’s the probability that I break even?

    • @sabieleclipse5799
      @sabieleclipse5799 3 роки тому

      I wouldn't pay more than 50$ (which I've actually done) and only if I really needed to get high/drunk 😹

  • @janKijemeKawalo
    @janKijemeKawalo 3 роки тому +884

    * kevin in a street *
    rober: hey, this is a mugging
    * kevin pulls out a camera *
    kevin: no, it's not a muggin and i'm trying to make a math video

    • @synphoniggle
      @synphoniggle 3 роки тому +7

      You're a genius

    • @puppyton2793
      @puppyton2793 3 роки тому +31

      Mark rober

    • @The360MlgNoscoper
      @The360MlgNoscoper 3 роки тому +3

      Lol mark

    • @U014B
      @U014B 3 роки тому +18

      @@puppyton2793 Plot Twist: It's actually Jake Roper (pretending to be Mark Rober) mugging Kevin for his PS5.

    • @Games_and_Music
      @Games_and_Music 3 роки тому +9

      @@U014B I thought it was Jack, Jack the Roper

  • @THEoldy
    @THEoldy 3 роки тому +165

    As the offered value increases, the likeliness of them paying out decreases, which could cancel this just on its own
    But more importantly the money would have a diminishing return on impact on your life, weighed against the constant impact of the losing the $10. Scaling endlessly this caps out, so the expected return tends to zero (given any scaling low likelihood of payout.)

    • @googolplexbyte
      @googolplexbyte 3 роки тому +14

      Further another issue arises. The possibility of a secret counter-offer.
      At some point, a test of character with a payout for refusing the mugging is about as likely as a mugging with a payout for accepting.
      Small chance * payout for accepting < small chance * payout for refusing + keeping $10

    • @sabieleclipse5799
      @sabieleclipse5799 3 роки тому +2

      Biggest payout for refusing an actual mugger - getting shot/stabbed and no longer needing the 10$ 😸

    • @ruukinen
      @ruukinen 2 роки тому

      In the same vein that very large sums have diminishing quality of life improvement so does a measly 10$ have insignificant immediate quality of life improvement. It's why I'm perfectly happy spending 1€ on a lottery ticket every week or so because the 52€ I would save in a year has absolutely no impact on my life whatsoever while winning the ever so unlikely 1m< will immediately have drastic impact on my life.

    • @Mythraen
      @Mythraen 9 місяців тому

      @@googolplexbyte Glad someone got that. It gets even crazier though if you posit an unknown number of secret offers of unknown rewards.

  • @TheZotmeister
    @TheZotmeister 3 роки тому +209

    I am so disappointed that his "and as always" was accompanied by his throwing the bills at the camera rather than _smacking the doll off the table_ .

    • @jordantucker3014
      @jordantucker3014 3 роки тому +11

      I didn’t know I needed that to happen till now, now I’m dissatisfied

    • @skydyverjym
      @skydyverjym 3 роки тому +3

      Are you kidding? He'd be better off burning that 10 bucks than smashing that very expensive pristine vintage prop cabbage patch doll. I haven't looked it up but I'd wager it's worth WAY NORTH of 10 bucks, or even 100

  • @Cyberlisk
    @Cyberlisk 3 роки тому +104

    "The baby knows the expected value calculation."
    That's a pretty smart baby. ;P

    • @zBrain0
      @zBrain0 3 роки тому +5

      Even more impressive is the fact that it's an inanimate object and not an actual baby

    • @nicknevco215
      @nicknevco215 3 роки тому +1

      think the baby just knows their mark well

    • @Naruto31132
      @Naruto31132 3 роки тому +2

      @@nicknevco215 think dababy

  • @paulschulze6105
    @paulschulze6105 3 роки тому +97

    "What if the baby has a biological weapon?"
    Kevin you kept your $10 about a year ago huh

  • @zilvarro5766
    @zilvarro5766 3 роки тому +282

    Day 1: pays 10 dollars to doll
    Day 2: receives 1 billion dollars
    Day 3: reads newspaper "doll arrested for scamming 100 million people"

    • @joeybeauvais-feisthauer3137
      @joeybeauvais-feisthauer3137 3 роки тому +43

      So exactly the lottery then

    • @Pssst.ByTheWay
      @Pssst.ByTheWay 3 роки тому +3

      not exactly lottery, similar in ways., doll scams 1000 000 000, so it can proove, look it works for this one person, they got 1 billion. hence round 2 can keep going. in the example, no profit for doll, and rounds end after 1 round. further the doll garantees YOU a win . lottery garanteea SOMEONE a win. the doll the risk calc is if the doll will do, what is promissed. lottery is for something else, and to my knowledge, it does pay out 100% of the time, the promise to pay A winning apon conditions is kept 100%.

    • @vulcwen
      @vulcwen 3 роки тому +8

      Day 4, your 1 billion dollars are confiscated and you land in jail.

    • @riemartmagdato4991
      @riemartmagdato4991 3 роки тому

      Haheheha

    • @sillyguy_5559
      @sillyguy_5559 10 місяців тому

      The fool officially started a ponzi scheme

  • @yingo4098
    @yingo4098 3 роки тому +256

    _kevin fills up a swimming pool with peanut butter and dives in_
    Doll: HoW R U GoNnA GeT OUt noW _KEVEEEEEEEEN_

    • @gamervirtuoso1758
      @gamervirtuoso1758 3 роки тому +14

      JACK

    • @GapWim
      @GapWim 3 роки тому +2

      Follow up doll proposal: give me back the 1billion dollars to get you out!

    • @EvilRamin
      @EvilRamin 3 роки тому +2

      He'll stay there, and eat that for food until it runs out, and then he'll get out

    • @nate_storm
      @nate_storm 3 роки тому +2

      *JAAAAACK

  • @Offthedog
    @Offthedog 3 роки тому +394

    POV. Vsauce Kevin wakes you up at night with his baby

    • @thedude5295
      @thedude5295 3 роки тому +1

      Better than Rich Evan's laughs waking you up every night because the YT algorithm is broken and keeps playing the same videos you've already watched over and over and over again in your Up Next.

    • @bhib1960
      @bhib1960 3 роки тому +2

      is the baby with him or does he use the baby to wake me up, it's important

    • @andreaspatsalides1914
      @andreaspatsalides1914 3 роки тому

      "hey can I mug you for 100$ tomorrow?"

    • @gamingwithlenbot4799
      @gamingwithlenbot4799 3 роки тому

      Bro that’s scary

  • @juliannaf.3074
    @juliannaf.3074 3 роки тому +100

    Imagine the baby actually going through with its promise but the next day it gives you 1 billion dollars in Monopoly money...

    • @mauer1
      @mauer1 3 роки тому +21

      It could be worth at least more than the 10 bucks

    • @Havron
      @Havron 3 роки тому +9

      @@mauer1 Seriously, that's at minimum 2 million x $500 bills (assuming the standard edition of the game) and printing ain't free.

    • @aronseptianto8142
      @aronseptianto8142 3 роки тому +11

      you might even get the return of investment if you recycle that paper properly

    • @DrDrao
      @DrDrao 3 роки тому

      @@Havron Counter point: Monopoly here and now. 20 bills; take it or leave it.

  • @isaacotwell4858
    @isaacotwell4858 2 роки тому +18

    are we just going to ignore that at 3:00 this man literally described squid game almost a year before it came out?

  • @LordSatoh
    @LordSatoh 3 роки тому +42

    In some parallel universes, Kevin is receiving $10bi from a creepy baby right now

  • @lazergurka-smerlin6561
    @lazergurka-smerlin6561 3 роки тому +22

    Something I've noticed about expected utility is that the probability and repeatability are much more important than the actual values you get from expected utility. Because if you can't repeat this a billion times, and your chances are like one in a hundred million, you most likely won't get out with what expected utility tells you. Rather you get indebted to hell most of the time

  • @Gamerboy365ify
    @Gamerboy365ify 3 роки тому +37

    If a doll comes to life and asks for ten dollars, you give it ten dollars. Never argue with haunted dolls.

  • @Tytoalba777
    @Tytoalba777 3 роки тому +68

    Wow, a guest star of the famous Nigerian Prince himself!
    Tell him he still owes me for the 1000 bucakaroos I gave him a couple years ago to access his back account.

  • @IoEstasCedonta
    @IoEstasCedonta 3 роки тому +37

    "That's a 100% return on being mugged by me" is going to become a meme, isn't it?

    • @Naokarma
      @Naokarma 2 роки тому

      Sadly not, but it should've been

    • @fzf404
      @fzf404 2 роки тому

      I can tell. Still not.

  • @samuellafleur890
    @samuellafleur890 3 роки тому +14

    For all the videos vsauce2 has done about risk, expected outcome, and interesting- yet-bizarre thought experiments I'm surprised he hasn't covered Roko's Basilisk.

    • @ThePenguinMan
      @ThePenguinMan Рік тому +1

      “How to commit mass murder without getting caught 101”

  • @wokiswok8976
    @wokiswok8976 3 роки тому +204

    Grown man talks to a doll for internet entertainment 2020 colorized

    • @gewurzgurke4964
      @gewurzgurke4964 3 роки тому +11

      That's clearly a balloon arguing with a doll, smh

  • @TheBreaker3333
    @TheBreaker3333 2 роки тому +10

    I'm so confused, the audio is horrifyingly out of sync, but no one's mentioning it, I feel like I'm losing my mind! Help!

    • @markylon
      @markylon 2 роки тому

      WOW I thought it was me only. I looked at the comments and no one mentioned it so I thought it was just me so started looking at all my settings. Thank God for you. What's wrong with everyone else?!?!

    • @superautopenguin2877
      @superautopenguin2877 2 роки тому

      Same Here! I was incredibly confused

    • @alex_m_p_s3072
      @alex_m_p_s3072 Місяць тому

      Mine works fine

  • @mattheweurt26
    @mattheweurt26 3 роки тому +5

    The beginning of this video perfectly explains when you should call in poker just based on the pot size. You have to consider your odds of winning, and whether the payout is worth it relative to your chip stack.

  • @Kjleed13
    @Kjleed13 3 роки тому +21

    If I mugged a hundred people with the promise of 1% chance I’ll give them a $100 the next day. As long as the average amount in a wallet is above $1 I stand to profit.

    • @kamdenmcleanmovies
      @kamdenmcleanmovies 3 роки тому +1

      But you wouldn’t be able to pay them back

    • @waylonpark2340
      @waylonpark2340 3 роки тому

      Love Your Profile Pic
      How Can I Find It ?

    • @vulcwen
      @vulcwen 3 роки тому +1

      I thought this video was going to be about ponzi schemes at first.

    • @pedronunes3063
      @pedronunes3063 3 роки тому

      @@kamdenmcleanmovies If the average is bigger than 1, 1×100 = 100

    • @kamdenmcleanmovies
      @kamdenmcleanmovies 3 роки тому

      @@pedronunes3063 but you have 100 people to pay back, you’ll need 100 dollars for each person, therefore 100*100=10k.

  • @FishAreEvil
    @FishAreEvil 3 роки тому +8

    I've learned more from V-Sauce than all my 10 years in school

  • @justaregulartoaster
    @justaregulartoaster 3 роки тому +14

    Btw that's literally how most email scams work

    • @SpikeTheDankMeme
      @SpikeTheDankMeme 3 роки тому +3

      And the lottery

    • @taragnor
      @taragnor Рік тому

      @@SpikeTheDankMeme The lottery's probability is known. You can figure out the odds if you want to run the numbers. The lottery just puts the odds against you.

  • @jasongrundy1717
    @jasongrundy1717 3 роки тому +5

    Unlike playing the lottery, the larger the payout, the smaller the chance you'll get it from a robber.

    • @masako8980
      @masako8980 3 роки тому +5

      How is that unlike the lottery

  • @TheEnde124
    @TheEnde124 3 роки тому +3

    I imagine Kevin standing next to a pool of peanut butter, scratching his head and thinking: now what?

  • @h4X0r99221
    @h4X0r99221 3 роки тому +1

    Amazing channel! Bringing topics and concepts to us, nobody even knows exist or thinks about, but are part of our daily life!

  • @mariocantisani807
    @mariocantisani807 3 роки тому +11

    This is bias because the doll thing says “tomorrow” and when tomorrow comes it will be today so you will never get the money

  • @ThatGuy-yc9yc
    @ThatGuy-yc9yc 3 роки тому +1

    Fascinating are you suggesting that, just like our inability to fully grasp infinity, we also have a threshold in our ability to determine what the odds are. When the odds become so astronomically unlikely but never zero, we fail to comprehend it fully and revert to a perceived imaginary comprehensible odds and therefore believe it's possible.

  • @jacobevans1162
    @jacobevans1162 3 роки тому +5

    I love how I refreshed my UA-cam page and this came up saying it was uploaded "4 seconds ago"

  • @benjamincarlson6994
    @benjamincarlson6994 2 роки тому +1

    Even if there is a virtually 0% chance of making that 1B bucks, there is a close to 100% chance that the demon doll leaves me alone, and I will hope that it will no longer haunt me

  • @thatonemajin3578
    @thatonemajin3578 3 роки тому +37

    Imagine having a baby politely ask for your wallet, or else.

    • @RyanTosh
      @RyanTosh 3 роки тому +3

      "Ixcwoose me, siw, I'm wost and need hewp. Can u giv me ten dowwers or I kiw u?"

  • @VoidKing666
    @VoidKing666 2 роки тому +2

    “… to change tens of thousands of lives.”
    Your videos change hundreds of thousands of lives by sharing knowledge.

  • @danwhitehurst9592
    @danwhitehurst9592 3 роки тому +9

    “Give me your wallet jack!”
    “ my name’s Kevin not Jack”
    “ quit screwing around Jack”

    • @thattannerguy856
      @thattannerguy856 3 роки тому

      Idk why that made me laugh so much 😂

    • @danwhitehurst9592
      @danwhitehurst9592 3 роки тому

      @@thattannerguy856 me too. Kinda stole that from the SNL skit of Will Ferrell playing Harry Carey on Weekend Update and calling Colin Quinn, Norm ,thinking it was still Norm MacDonald.

  • @Roboguy-xq8td
    @Roboguy-xq8td 3 роки тому +2

    Kevin's setting us all up for when he muggs us all tomorrow with this promise

    • @peter1038
      @peter1038 3 роки тому +1

      Or just setting us up for scammers

  • @davidwallace7543
    @davidwallace7543 3 роки тому +3

    Doll: “Do the math 🧮, Kevin. Do...the...math!”
    Me: 😂😂😂😂😩🤣🤣🤣🤣

  • @rrbee
    @rrbee 2 роки тому +1

    Watching this post-Squid Games makes the whole thing just very much more interesting. :)

  • @martso9288
    @martso9288 3 роки тому +3

    The doll is basically the classic doubling money scam in Old School RuneScape

  • @EpicHeroes713
    @EpicHeroes713 2 роки тому +1

    The baby: *give me your $10*
    Me who has 27 cents in my wallet: **nervous sweating**

  • @thehubbabubba667
    @thehubbabubba667 3 роки тому +5

    When you're so early you read comments about people complaining about people posting comments about being early

  • @maxiemaxwell550
    @maxiemaxwell550 3 роки тому +1

    Just because a prospect is expressible in words does not mean it is possible. The mugger returning $1 billion after being allowed to take a $10 Walet is just as unlikely as that mugger being able to summon Galactus to eat the Earth, or stabbing the victim with a sword made out of shadows.

  • @victorlins6279
    @victorlins6279 3 роки тому +35

    When you're so early every single comment is from people who havent even watched the video and have nothing to do with it

  • @Arwen_xx
    @Arwen_xx 3 роки тому +1

    I feel like it also depends on how much $10 means to you. Like for a rich person, $10 is nothing, so they'll happily give it because they're not really hurt by losing it. Someone struggling to feed themselves is far likely to give the money, regardless of the unlikely potential payoff or value calculation.

  • @jobobrien1420
    @jobobrien1420 3 роки тому +5

    You keep saying that at a high enough payout it becomes mathematically optimal to accept the deal, but my intuition tells me this isn't true. It seems reasonable to me that the likelihood of the mugger making good on their promise is *inversely* proportional to the payout they're promising. It isn't a given that there is some extremely high promised payout that makes even a very low chance of receiving that payout worthwhile, as those two values could easily *diverge,* making the deal worse and worse as the promised payout increases.

  • @kazzyanddecchan733
    @kazzyanddecchan733 3 роки тому

    That Cabbage Patch Kid has strong Caitlin from Ask A Mortician vibes and I love it.

  • @sanat900
    @sanat900 3 роки тому +3

    Thanks for that child voice at 3.07 am. Thanks Kevin.

  • @bscutajar
    @bscutajar 23 дні тому

    The nuance here is that as the payoff increases it becomes even less likely, so the point that the expected value will never be positive. Paying me back $10 tomorrow is unlikely, but paying me back $10B tomorrow is monumentally less likely.

  • @boumbh
    @boumbh 3 роки тому +3

    It reminds me of the Shadoks series: one in a million chance to succeed? Let's try one million times!
    “The Shadoks, an alien species seeking to invade Earth, have decided to build and launch a space rocket. The Shadoks' only problem is their sheer incompetence. Their rocket science is abysmal. Their chances of getting a rocket into space are less than one in a million. Still, the ever confident Shadoks decide to take that one in a million chance. One million failed launchings later, the Shadok engineers are elated:
    The situation was quite satisfactory. The trial rocket launches continued to fail very well (...) For such was the first basic principle of Shadok logic only by continually trying things out does one eventually achieve one's goals. In other words, the more you fail, the most likely you are to succeed.”
    (copy pasted from How Traditions Live and Die by Olivier Morin)

  • @jordantucker3014
    @jordantucker3014 3 роки тому +4

    Guys I think we need to get Micheal to pay Kevin more. He keeps mentioning his wallet is only 10 dollars. This is a cry for help!

  • @wavey61
    @wavey61 3 роки тому +1

    One issue is this is a bad example. The more money the doll offers the less likely it'll even happen at all. If a kid came up to you and ask for $10, and said they'll pay you back $10 and 1 cent, that's much more likely to happen than the same kid that offers to pay back a billion dollars.

  • @aryankhare5623
    @aryankhare5623 3 роки тому +3

    ok, so all the VSAUCE is back with new EDUTAINMENT videos. yayayyy

  • @dernxo
    @dernxo 3 роки тому

    Kevin you're diving into more than math right now, and I love it!!

  • @verymotivated7193
    @verymotivated7193 3 роки тому +9

    10€ today, 1000€ tomorrow
    Sounds like a lucky YOLO in stock trading

    • @DJ_MH_Remixes
      @DJ_MH_Remixes 3 роки тому

      Buy Bitcoin

    • @stevenlarratt3638
      @stevenlarratt3638 3 роки тому

      I turned a few k into a couple of million over 4 years it is possible

    • @rewq435
      @rewq435 3 роки тому

      or scammer in runescape

    • @Bluejet_007
      @Bluejet_007 3 роки тому

      Pardon my cluelessness but what is a 'YOLO' in stock trading?

    • @stevenlarratt3638
      @stevenlarratt3638 3 роки тому +1

      @@Bluejet_007 you only live once, akin to a very risky binary outcome play...

  • @khaledk13
    @khaledk13 2 роки тому +2

    "hi" 1 second later. *mouth says hi*

  • @AverytheCubanAmerican
    @AverytheCubanAmerican 3 роки тому +3

    That doll’s got a point, you know

  • @tinyguy9398
    @tinyguy9398 3 роки тому +1

    It's like people who play the lottery when the maximum payout is $1B but refuse to play it when it is only $10M. For some reason, a decision to waste a $1 on a lottery ticket changes when the probabilistic odds of winning remain the same. You are after all choosing a set of six numbers from the same population of numbers. Yet the increased payout for whatever reason factors into a person's decision when both $10M and $1B would probably have the same outcome in that they would likely be set for life either way compared to their current economic position.

    • @taragnor
      @taragnor Рік тому

      The lottery is winnable. Sure, you'll probably lose, but you can calculate the odds of winning and the expected value. There would get to be a tipping point where it's a worthwhile investment, at least mathematically.

  • @gurglemurgle5
    @gurglemurgle5 3 роки тому +5

    Video not finished opinion: Its just $10, give me my billion

  • @lazyer0511
    @lazyer0511 3 роки тому +1

    Isn't this what the lottery is? Giving up a few bucks with the expected payback of some amount, not just hitting the highest jackpot payback.

  • @michdax7627
    @michdax7627 2 роки тому +4

    I'm not sure if it's me or the system but the audio and the video were out of sync as for the thought experiment pick the doll up and throw it as far as you can while saying, "NO"!!

  • @MCredstoningnstuff
    @MCredstoningnstuff 3 роки тому +2

    Expected value calculations only apply when you do things a considerable number of times. The calculation you should do here to determine if it's a good deal isn't the expected value but the number of times you would need to get mugged by the doll for it to be likely that you would get paid off at least once. If you can expect to get mugged enough, then you can use expected value, but if not, you should assume that you would lose which is more likely.

  • @NurioMarayana
    @NurioMarayana 2 роки тому +7

    The audio and video are desynced by like 5 seconds. I only have it on this video, and I already tried restarting my browser, clearing my cache, and everything. Is the video just like this or is something else going on?

    • @ihsanollasalamziy628
      @ihsanollasalamziy628 2 роки тому +3

      i think its the video

    • @AxzoYT
      @AxzoYT 2 роки тому

      @@ihsanollasalamziy628 yep and only chrome, tried with mobile and it is fine

  • @veni1
    @veni1 3 роки тому +1

    expected value only works if you have unlimited trys, if you dont then using it is simply a mistake. The correct rule would be that the gamble is only worth it if you have as much money as it costs to play times the odds of winning.

  • @RinoSan
    @RinoSan 3 роки тому +45

    me to my friends:
    "hey guys, lend me $10 and I'll flip it for you by the weekend."
    friends: "what? how? no thank you."
    me: "okay, your loss."
    -proceeds to exploit MMO RMT communities

    • @Evtrex13
      @Evtrex13 3 роки тому +3

      remember when twitter got hacked and people were giving out money to runescape scammers

    • @hawkdracano3840
      @hawkdracano3840 3 роки тому +3

      proceeds to engage in illegal RuneScape activity

  • @KevlarGorilla
    @KevlarGorilla 3 роки тому

    As Kevin from The Office says, if anyone gives you 1:100,000 odds against almost anything, you take it.

  • @aadityachhitarka1938
    @aadityachhitarka1938 3 роки тому +3

    Oh, they are watching you regardless...

  • @Pax.YouTube
    @Pax.YouTube 3 роки тому +2

    Vsause 2 and 3 striking it!
    Waiting for Michael's video as well.

  • @Devilot109
    @Devilot109 2 роки тому +5

    Why is the audio so badly, badly out of sync, and why is no-one mentioning that in the comments?

    • @AxzoYT
      @AxzoYT 2 роки тому +2

      bug on chrome for some reason, idk what is causing it

    • @Devilot109
      @Devilot109 2 роки тому +1

      @@AxzoYT Had it on Firefox, myself, but modern Firefox does share a fair bit of code with Chrome at last check.

  • @christyhosford261
    @christyhosford261 3 роки тому +2

    This is always scary bc you’d think he’ll has like a 1 in 100000000000 chance of existing but yet if it does it’s eternal pain and suffering 🤗.

    • @Mythraen
      @Mythraen 9 місяців тому

      The problem is with thinking you have any idea what this entity wants, or that it has no competing entities with competing agendas.
      Maybe you'll get eternal pain and suffering if you "believe." (I don't understand the concept of forcing belief, hence the quote marks.)

  • @insanimal2
    @insanimal2 2 роки тому +6

    aaargh why is the audio and video so out of sync?

    • @AxzoYT
      @AxzoYT 2 роки тому

      same here

  • @henrygreen2096
    @henrygreen2096 3 роки тому

    We went from the Twitter/Doubling money scam, to utilitarian belief... That's why I love this channel. Thinking outside the box and into a kaleidoscope

  • @Ryanarchy2
    @Ryanarchy2 2 роки тому +5

    audio out of sync for me, other videos are fine but when i come back still out of sync, not sure if its just me or needs to be fixed!

    • @bitjaks
      @bitjaks 2 роки тому +1

      same

    • @UndrState
      @UndrState 2 роки тому

      @@bitjaks - and it didn't used to be either , I've watched this video before and it was working fine .

  • @academicalisthenics
    @academicalisthenics 3 роки тому

    I wouldn't take the bet either because I could only "expect" to break even if these events kept happening frequently enough.
    For Instance, if I know the probability of being mugged to be 1:100.000 (with the same, single jackpot) I would estimate the probability of encounters accumulated over my lifetime to be about the same order of magnitude as "once in a lifetime"
    I can't possibly expect to break even in a hundred lifetimes, that's probably where the strange gut feeling of "sure loss" came from.
    Oh, and keep up the frequency of your amazing videos 😉

  • @aiRCoft
    @aiRCoft 2 роки тому +3

    The audio is like two seconds ahead of the video.... >.

  • @kingzoe5534
    @kingzoe5534 3 роки тому

    I’ve been watching you guys since i was a kid! I love youuu 💖💫‼️

  • @tomadup1195
    @tomadup1195 3 роки тому +6

    "Bloviating"
    Was that a Ludwig reference?

    • @75nomell90
      @75nomell90 3 роки тому

      Kevin apparently knows English 2

    • @nate_storm
      @nate_storm 3 роки тому

      i mean it’s an english word...

  • @aishan6224
    @aishan6224 3 роки тому

    I think Kevin, here, forgot to mention something extremely important in the EV world, gambling world, which is implied odds. Winning a billion dollans would not just make you a billionaire but would also give you the opportunity to make plenty more and probably build a generational wealth that would last for centuries, you could use that money to do build any auto sustainable non-profit, who, again could provide even more value not calculated here. The odds might be slighter then we think, but I think its worth thinking about

  • @KorporalKReephdmkiytrecv69
    @KorporalKReephdmkiytrecv69 3 роки тому +19

    So this is the level of insanity that Kevin is at right now because of no nut November

    • @bertaroo
      @bertaroo 3 роки тому +3

      It’s December tho

    • @cl0p38
      @cl0p38 3 роки тому

      Hey, he is okay now

  • @user-ft3jq5vi2l
    @user-ft3jq5vi2l 3 роки тому +1

    If a 4 year old baby knows what a deadly bioweapon that can kill millions is, odds are something is off and you should better believe him.

  • @Snomadu
    @Snomadu 3 роки тому +3

    The baby is almost as scary as the math

  • @NotchNetwork
    @NotchNetwork 3 роки тому +1

    The reason an individual wouldn't want to take the deal even with a positive expected value is the time till expected return if I have a game where the odds of winning is 1 in 100,000,000 and the payout is higher maybe like 1,000,000,000x but the catch is you can only play once per a day you obviously wouldn't want to take that cause odds are that you lose 36,500 times before you find a win and than you'll be dead and I wont have to worry about any winning anymore. So AKA the number of chances you have should effect the real expected value in a discrete payout experiment. This would hold up in the experiment shown as you couldn't expect to find the number of similar opportunities in the future required to actually expect a payout.

  • @n4tur414
    @n4tur414 3 роки тому +3

    Fun fact: all the dislikes come from people who have been mugged by babies

  • @AlisterCountel
    @AlisterCountel 2 роки тому

    This reminds me of an adage a relative told me: If you’re ever wondering how much scratch off tickets are worth, ask yourself why there’s often a trash bin full of them a few feet away…
    Sure, those have a negative expected value, but the point stands; Even if the expected value were positive, it may take thousands of tickets to make that happen, and even then…expected value isn’t a guarantee.

  • @hot_dog_water2437
    @hot_dog_water2437 3 роки тому +18

    i feel like im early cuz i see all the bots

    • @sravanthch2879
      @sravanthch2879 3 роки тому

      How do we know it's a bot by seeing a comment? Is anything like that even there?

    • @hot_dog_water2437
      @hot_dog_water2437 3 роки тому

      @@sravanthch2879 yep. Weird fonts, weird words weird stuff.

    • @sravanthch2879
      @sravanthch2879 3 роки тому

      @@hot_dog_water2437 right

  • @aleksitjvladica.
    @aleksitjvladica. 3 роки тому +1

    Thank you for uploading frequently... unlike some Vsauces...

  • @theunknown4677
    @theunknown4677 3 роки тому +10

    Hello guys! This is not a mugging!

  • @chirachianimations6717
    @chirachianimations6717 3 роки тому

    Vsauce: What would you do with 100 billion dollars?
    Mr Beast: Cure world hunger.

  • @shadowpuppet2790
    @shadowpuppet2790 3 роки тому +3

    I wouldn’t play a money game either

  • @legendgames128
    @legendgames128 2 роки тому

    Spamton mugging Kevin: "IF YOU GIVE ME [10 Kromer] I'LL RETURN THE FAVOR WITH [0 Kromer] AND [Hyperlink Blocked]! I WON'T FORCE YOU, I CAN'T."
    Kevin: "No."
    Spamton got wider.

  • @psychicmewtwo5438
    @psychicmewtwo5438 2 роки тому +3

    2:58 squid game

  • @कृष्णाय808
    @कृष्णाय808 3 роки тому

    Question is more of morality than maths; to make small difference collectively adding to larger change.

  • @PapaFlammy69
    @PapaFlammy69 3 роки тому +11

  • @phen314
    @phen314 3 роки тому

    "What are the odds that a billionaire is sitting around with a few other billionaires watching me as they play some kind of creepy social experiment?" Pretty high. As explained in the noted documentary film "Rat Race", they can do anything they'd like; they're eccentric!

  • @kyletheanimator8911
    @kyletheanimator8911 3 роки тому +5

    ooooooooo yall stay safe also I'm really early lol