Quite a few replies are having trouble empathizing with the notion of not being motivated by money. Imagine the bet stakes are for a grimblful (win), and a thoktak (lose). These are fictitious, meaningless stakes; not being willing to bet would mean nothing about your sincerity.
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Note also that I'm not engaged at all with the question of whether a person should care about money or not - I'm assuming as a premise that the person genuinely isn't much interested.
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(This is rare for very large sums, though not unheard of - e.g., I know people who've turned down millions of dollars to live modest lifestyles doing things they like. For small sums, it's not uncommon.)
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There's an old joke in which an oral exam question in mathematics begins "Suppose n is an integer [etc]", and the student replies "But, professor, what if n is not an integer?" Many of the replies to this thread have been of the form "No way could n have been an integer!"
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Actually it means even more then: Money is not that important to you, and yet you still don't want to risk any?
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You're assuming the person wants more money. The whole point is they don't.
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Snarky response: https://youtu.be/dgct3Jn8pFA Non-snarky response that agrees with your conclusion: http://noahpinionblog.blogspot.com/2013/05/bets-do-not-necessarily-reveal-beliefs.html …
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Nice, though none applies to the context I'm talking about - all of those are from the perspective of a person who cares a lot about maximizing money, which is specifically not the context of my remark. (I like the Tyler Cowen quote.)
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Popper mentioned his ‘certainty’ depended on the situation. Where are my keys? On the table. Am I sure? Yep. Wait, my friend’s life depends on this? Well, I think my keys are on the table, but I’m not sure enough to stake their life on it.
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It's mainly the semantics (as opposed to the quantitative level of certainty) that varies with the stakes, right? I'm 90% certain my keys are on the table either way, but the higher the stakes, the less inclined I am to label that as "sure"
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