Show of HandsShow of Hands

Cole12 October 17th, 2013 1:40pm

You win a game show and are given a choice: a $1 million cash prize, right now, no strings attached, or a 1% shot at a $100 million cash prize. Which do you choose?

9 Liked

Comments: Add Comment

ProfDG I Want Truth
10/17/13 9:01 am

If it were a 30 or 50% chance, it would present a dilemma for me. 1% isn't worth it. Give me the sure thing.

LochnessMonster Milky way
10/17/13 7:49 am

guaranteed money is always better than maybe money.

Reply
AlexD Respectful Debate
10/17/13 6:52 am

$1M is life-changing enough. Something significantly lower (maybe $10K) and I might go all-or-nothing on the longshot.

Reply
kermie gaytopia
10/17/13 7:01 am

Or if the chances were better.

Cole12 ...
10/17/13 7:06 am

I chose these odds specifically to give each prize the same expected return (100% * $1M = $1M and 1% * $100M = $1M). So I'm curious: at what percentage chance would you have picked the $100M prize?

AlexD Respectful Debate
10/17/13 7:25 am

Even at 50-50, I'm not essentially betting $1M of my own money. It would have to be almost a sure thing...not more than 10% chance of losing.