“Clearly, binary outcomes are not very prevalent in life; they mostly exist in laboratory experiments and in research papers. In life, payoffs are usually open-ended, or, at least, variable.” LifeOpen EndedResearch PapersVariablePayoffsBinary OutcomesLaboratory Experiments Book:The Black Swan: The Impact of the Highly Improbable Source: The Black Swan: The Impact of the Highly Improbable