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  1. 05-06-2016, 07:50 PM #40
    Bodarc
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    Quote Originally Posted by marriedputter View Post
    Option A involves an 80% chance you win $4,000, but a 20% chance you win nothing. Option B guarantees you win $3,000 for sure
    .80X4,000=3,200
    1. X3,000=3,000

    Difference 200

    Would I take a 20% chance of losing it all for a measly $ 200?

    If this was a 1 time deal, I would not. If it was a continuing bet, I would.
    Last edited by Bodarc; 05-06-2016 at 07:55 PM.
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