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RE: Would you rather have a 100% chance to win 100K USD, or a 50% at 10 million dollars?
A 50% chance at $10M is worth $5M.... That's a lot more than $100k. You'd be INSANE to take the $100k.
A 50% chance at $10M is worth $5M.... That's a lot more than $100k. You'd be INSANE to take the $100k.
Call me insane then because I would definitely take the $100k.
But that's because I fundamentally disagree with the premise that a 50% chance to recieve X is worth one-half of X.