I'm really surprised so many decided to flip when a $100,000 sure thing was available. I wonder how many stupid people would still flip if the question was a billion dollars and the 100 thousand amounts were 100 million amounts instead.
Less than $100,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
You can't buy me off. I'm flipping no matter what.
Stupid answer. So what am I supposed to do, offer each person who answers real money? I'm asking what you would do in such a REAL situation, and you're telling me it's impossible to answer because ... the situation isn't actually real???
For God's sake, if you don't have anything intelligent to say, why don't you consider just shutting up? You aren't under an obligation to have the last word in every thread, after every post. Learn how to be quiet.
Don
Is there a mathematically correct answer, or is this as subjective as it feels?
I answered 400k. 1M is a lot of money to me and would change my life a little where as 100k would not. 200k would be nice, but I would still go for that flip. 300k would give me pause. It's a decent chunk and depending on the day could persuade me. 400k would buy me almost all of the time. On the rare days 400k wouldn't buy me, give me the coin. I'd flip it not because there's 1M attached, but because it's shiney and I want to touch it.
I know this much, I will not be responding to the second question! Don, since your interest is in the actual responses, and most answers are reflective of the utility aspect of the question, which is in my opinion getting too personal, and unnecessary. Frankly I resent even thinking about deciding such a choice "regardless that it is just a poll" whose whole result would affect a charity. Don, what would your choice be under the same scenario?
Last edited by BoSox; 12-17-2017 at 04:05 AM.
Since the EV for the play is 500k, Any offer over 500k has a better EV than the play itself and so it should be made. Of course I'd pick anything over that if offered. I thought we were to pick the lowest amount we would accept instead of the coin flip.
Edit: the ev is not 500k when considering the option not to flip. It is curious how few answered near EV.
Last edited by Bubbles; 12-26-2017 at 12:36 AM.
Bookmarks