Comment on Understanding is a poor substitute for convexity (2012)parentComments−adrianN7yIf heads is 1 and tails is 0 then the expected value is 0.5. The expectation really depends on what values your random variable can take.−EricBurnett7yThat's not the non convex case though (as e.g. 1 and -1 is). You're right that chance can be convex; the premise of the article is that that's the property of interest, and that randomness alone isn't sufficient.
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If heads is 1 and tails is 0 then the expected value is 0.5. The expectation really depends on what values your random variable can take.
That's not the non convex case though (as e.g. 1 and -1 is). You're right that chance can be convex; the premise of the article is that that's the property of interest, and that randomness alone isn't sufficient.