The Value of Pre-Decision Side Bets for Utility Maximizers
当某个选项仅在决策者财富超过临界水平时才具吸引力时,先参与一个独立的旁注可能比直接接受或拒绝该选项更优。
If an alternative is attractive only at certain wealth levels of a decision maker, typically above some critical level, then there will be occasions when it is better to enter into an independent side bet prior to making a decision, than to accept or reject the alternative outright.