The dilemma of a lifetime!
All or nothing
There are questions someone asks himself, where 99,9999 % can’t answer. But this one interest me incredibly. What would you do, if you were offered 1 million EUR or Dollar, and the other option is a 50 % chance to 100 million EUR of Dollar. In my opinion a very difficult question to answer. As you have a certainty to nice money and 50 % chance to FU money.
What would you do? I would completely go for the 1 million, as I know what to invest in. And I think I could turn it into FU money quite fastly!
I guess we’ll never know as it is all hypothetical!
Sincerely,
Pele23
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The expected value is 1 x 1,000,000 = 1,000,000 versus .5 x 100,000,000 + .5 x 0 = 50,000,000. Mathematically, the second is clearly the better option. That being said, I'd take the sure thing. 😆
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😂 That’s a good example of theory (math) and the real life. 🤝🏻
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@definethedollar(2/20) tipped @pele23
Come get MOONed!
Completely agree. 1M is lifechanging Money and a good investor can double and triple that easily over a couple of years. A sure ticket to an everlasting fortune if you stay humble and don’t start throwing your money out of the window (as we say in Germany).
Throwing money out of the window is the same saying in Dutch :D
🤝🏻😋
Without hesitation, I'd also take the first option. The 50% chance of the latter is not guaranteed. Better have something than potentially nothing :)
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I wouldn't pick any. But I would sell this option to a millionaire, billionaire for 5M.
It would be a perfect deal, I would feel as a winner and the buyer, too.
Anyway, the pick depends on the size of the people's pocket, so pretty sure, here everybody would take that 1m.
Smart move, very smart indeed!