Originally Posted by ensign_lee
				
			
			From an economics viewpoint, you have to think about this in terms of marginal utility.
Is $250k really worth twice as much as $125k to you? Or does that next $125k past your first mean less to you? The answer is that the second $125k means less to you.
What does this mean? This means that you have to measure your value in terms of your utility rather than in terms of dollars. I'd say $250k is worth 1.30 times more to me than $125k. At the same time, $125k is just about worth 4 times more to me than $32k. Therefore, the decision to GAMBOOL is NOT +EV for me.
So there's your answer from an economics viewpoint.