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Going all-in/Going all out

By Jeff MacGregor
Page 2

Monday, March 23, 2009

More questions than answers this week, so I'll need your help in the comments section below, and by e-mail, to sort things out. I was in Amarillo, Texas, last week watching people punch each other in the face for money, and as I stood by the ringside gurney and the waiting EMTs I got to thinking about the nature of risk and how we calculate it. On the long undercard that night the price for risking a broken nose -- or the simple embarrassment of losing -- was about $150 in prize money. The fo ...

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