These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

Player Features and Ideas Discussion

 
  • Topic is locked indefinitely.
 

High Sec Miner Bumping, policy change

First post
Author
Liam Inkuras
Furnace
#61 - 2013-12-26 19:53:30 UTC
no

I wear my goggles at night.

Any spelling/grammatical errors come complimentary with my typing on a phone

Daenika
Chambers of Shaolin
#62 - 2013-12-27 03:56:19 UTC
Quote:
OP, lets talk about your recent 300 mil isk Tayra loss instead, that would be much more interesting then "another miner bumping thread"


I'm more interested in his 1.5b ratting Machariel loss. Or his ridiculously poorly fit Manticore loss that still managed to pack 120m onto that frigate frame (mostly from the faction launchers), and lost it in Jita to boot. Or his hilariously terrible scorpion fit (also with a faction MWD). Or his Dramiel with an empty high, empty mid, empty rig, and still needed 2 co-processors, and *still* had two faction/deadspace modules on it (worth more than the hull).

Honestly, this guy seems to delight in just throwing away isk on blinged out ships that he loses stupidly (Machariel was lost to a solo Astarte, while ratting in null). In addition, based on his killboard, he spends the overwhelming majority of his time in nullsec, so what does he care about high-sec bumping?

Tippia wrote:
What I said has everything to do with risk, and especially with risk perception. The fact remains: accepting a risk doesn't remove it. Accepting a risk just means you can start taking it into account in your decisions. Your problem is that you're confusing “risk” with “probability” when what risk actually is is the effect of probability, not the probability itself. A 100% probability does not remove the risk — it just creates a very high effect. In other words, the risk is total.


No, you're confusing terms here. Risk implies a sub-guaranteed probability of a negative result. If it's a guaranteed result, it's a cost, not a risk. As such, if the result (eg. Concordokken) is guaranteed, it simplifies the equation to a very basic "do I stand to gain more than I'm guaranteed to lose from this action?". No risk, simply cost/benefit analysis.

It's not a risk when you take a toll road. It is a risk when you decide to speed down it.
Tippia
Sunshine and Lollipops
#63 - 2013-12-27 05:12:35 UTC  |  Edited by: Tippia
Daenika wrote:
No, you're confusing terms here. Risk implies a sub-guaranteed probability of a negative result. If it's a guaranteed result, it's a cost, not a risk.
No, it really doesn't. The casual, common-day use of the term, where it's just a synonym to “chance” might do so but that's why that usage has been rejected for a more formal and useful definition. Once you're talking about actual risk calculations, there is no implication about the probability or the result.

Risk is simply probability × outcome. The outcome may be positive or negative; the probability may be anywhere in the span 0–1. The value does not determine the nature of the parameter. It does not stop being a risk just because the probability reaches one of the extremes, just like probabilities don't stop being probabilities just because they're zero or one — the risk just becomes zero or total, respectively. And while the former may, somewhat sloppily, be called “no risk”, the latter certainly does not qualify for that description since the risk is >0 (assuming there's an actual non-zero outcome at least).

The other beauty of the risk concept is that costs are indeed risks. After all, they can always be expressed in the format p × o, and that lets us include all the probabilities, all the costs, all the gains, in a single equation without having to pre-judge what is or isn't guaranteed. You may couch such p=1 risks in terms such as “investments” or “costs” or “kick-backs”, but that's a post-hoc categorisation and fundamentally they're still risks.

Again, risk is the effect of probabilities on outcomes; if the probability is 1, the effect of that is that the outcome is projected to happen at its total value. That is all.
…and, of course, then there's the funny fact that p is never 1.

Quote:
As such, if the result (eg. Concordokken) is guaranteed, it simplifies the equation to a very basic "do I stand to gain more than I'm guaranteed to lose from this action?". No risk, simply cost/benefit analysis.
Except that none of it is guaranteed, so you can't say anything with any certainty about the costs or benefits — in other words, it's a risk analysis. The question you're asking is “do I risk earning more than I risk losing?” Does the sum total of probable costs and gains come out above zero? Trying to be prejudiced about the outcomes does not simplify the calculation — it just introduces unfounded biases.
NaK'Lin
Seamen Force
#64 - 2013-12-27 05:19:10 UTC  |  Edited by: NaK'Lin
Anslo wrote:
Forget bumping, how the hell did OP do that delayed posting trick??


4 pages i went through crappy QQ and whining... and no answer???

OP, 4 letters: HTFU
EDIT: no one here cares about the definition of RISK and both you people's interpretations of it. It doesn't change the point. Always the endless boring derails of OCPD detail oriented nitpickers because of a wrong word choice. Most of the players have trouble spelling right; that should be an indication on their ability to interpret and chose the right terminology in their argumentation.

Now, how did he make that delayed OP posting trick?!
Tippia
Sunshine and Lollipops
#65 - 2013-12-27 05:30:25 UTC
NaK'Lin wrote:
Anslo wrote:
Forget bumping, how the hell did OP do that delayed posting trick??


4 pages i went through crappy QQ and whining... and no answer???

OP, 4 letters: HTFU
EDIT: no one here cares about the definition of RISK and both you people's interpretations of it. It doesn't change the point. Always the endless boring derails of OCPD detail oriented nitpickers because of a wrong word choice. Most of the players have trouble spelling right; that should be an indication on their ability to interpret and chose the right terminology in their argumentation.

Now, how did he make that delayed OP posting trick?!

It's not the OP's fault. It's a (semi)known forum bug. It seems to be connected to the draft saving mechanic.

If you've looked closely, you might have noticed that threads occasionally get bumped to first place even though there are no new posts when you open them, or that there is a new last posted listed, but there is no new post. This seems to be because once a draft is saved, the thread is flagged as having received a new post. If this happens to a thread that doesn't exist yet, it probably occasionally makes the thread exist but with no actual post in it yet (because it's still only a draft).

There's obviously more to it than that, or pretty much every thread ever would show up like this, but there is definitely some way of triggering an “early save” of a post or a thread to make it indexed before it actually exists.


As for the formal definition of risk — it matters because if people want to make claims about what risks exists, they need to understand what a risk actually is. People get understandably upset about the definition since they're trying to use “no risk” as a rhetoric point to paint their opposition in a bad light, and the correct usage of the term exposes this and/or their lack of understanding of both the concept and the activity they're trying to bash.
Daenika
Chambers of Shaolin
#66 - 2013-12-27 07:19:19 UTC  |  Edited by: Daenika
Quote:
The other beauty of the risk concept is that costs are indeed risks.


So basically you're just using the word "risk" instead of "expected value". Where the hell did you take economics?!

I mean, financially, "risk" is nothing more than the probability that the actual return will be lower than the expected return. It says nothing about the magnitude of the return, it is purely a probability metric.

When dealing with securities, "risk" is the probability of loss.

In fact, in almost every applicable fiscal context, risk is a probability metric, not a magnitude metric. When the concept includes magnitude, it becomes "expected value", not "risk".

So yes, technically, you can refer to the 100% probability of being Concordokkened upon aggressing in HS as "risk", as it is a measure of probability. However, that particular measure is irrelevant to the consideration being done. The probability of such happening doesn't actually matter in terms of whether the gank is worthwhile, only the expected value. You know the value of your ship. You know the expected loss (value of ship * 100%). You know the expected gain (value of target * 50%). The difference between the two is the expected profit/loss. That's the only piece that matters. It depends on the risk of being Concorded, but is not intrinsically based upon that probability being any particular value, only the product of that probability and the values of the ships involved.
Barrogh Habalu
Imperial Shipment
Amarr Empire
#67 - 2013-12-27 07:47:00 UTC
Tippia wrote:
As for the formal definition of risk — it matters because if people want to make claims about what risks exists, they need to understand what a risk actually is. People get understandably upset about the definition since they're trying to use “no risk” as a rhetoric point to paint their opposition in a bad light, and the correct usage of the term exposes this and/or their lack of understanding of both the concept and the activity they're trying to bash.

The problem with your idea is not about the definition of risk, it's about what is included into "outcome" you're speaking about, and it has nothing to do with the fate of expendable materials used in activity, but with whether their investment will pay off or not. Loot fairy makes a risk here, not Concord.
ISD Dorrim Barstorlode
ISD Community Communications Liaisons
ISD Alliance
#68 - 2013-12-27 13:33:54 UTC
Quote:
16. Redundant and re-posted threads will be locked.

As a courtesy to other forum users, please search to see if there is a thread already open on the topic you wish to discuss. If so, please place your comments there instead. Multiple threads on the same subject clutter up the forums needlessly, causing good feedback and ideas to be lost. Please keep discussions regarding a topic to a single thread.

Thread closed.

ISD Dorrim Barstorlode

Senior Lead

Community Communication Liaisons (CCLs)

Interstellar Services Department