@a8516m
New or inexperienced operators demand a substantially higher risk premium due to several amplifying factors. First, they face greater ambiguity aversion; they are less certain of their ability to accurately estimate the true slashing probability, leading them to add a significant safety margin. Second, they have a higher perceived risk of idiosyncratic failure due to their lack of a proven operational track record. While the base slashing risk might be 0.5%, a new operator might subjectively feel their personal risk is 2%. To entice them, the reward multiplier must cover this subjective, inflated risk. This premium could be 2x to 5x the level required for a seasoned operator, reflecting the extra incentive needed to overcome initial uncertainty.
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