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> for a lifelong hunter, 1:5000 are pretty bad odds

There’s a term for this which I’m unable to recall and it’s not easy to Google. Would greatly appreciate if someone could help me out here!!



Compound interest? Exponential decay? Both apply here.

Probability of surviving a night under a tree is (1-1/5000).

15 years of hunting is roughly 5000 nights. The chances of never getting hit by a tree over that period are (1-1/5000) for each night, which compounds to

    (1-1/5000)^5000 ≈ 1/e ≈ 1/2.7 < 0.4
That's to say, the odds are 3:2 (at least!) that you'd get killed by a tree in 15 years.

Make it at least 5:1 for 30 years.

That's to say, at least 5 out of 6 hunters who sleep under a tree every day wouldn't survive doing it for 30 years.

And that, children, is why credit cards are a scary thing.


Ergodicity? E.g. A single player playing Russian roulette for a 100 times v/s 100 players playing it once are very different risks for the single player :)


That's it, thank you!


Is it Micromort? I just learned about this from a comment above.

https://news.ycombinator.com/item?id=30267553


Effectively it’s integrating risk over time, but that’s probably not what you’re thinking of.




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