LogFAQs > #970408601

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Topic	Would you rather have a guaranteed $2, or a 1/50,000 chance at $30k?
uwnim 12/25/22 10:08:00 PM #20:	$2 has the higher expected value. But if this was a one shot and you were offering to hand me $2 in cash or the 2nd option, I'd probably take the 2nd just because I wouldn't care about the guaranteed money. I'd probably end up with nothing, but I'd be no worse off than I would have been if I hadn't encountered this situation. --- I want a pet Lavos Spawn. [Order of the Cetaceans: Phocoena dioptrica] <cite>uwnim posted [p:970408601] in Would you ... [t:80289858]...</cite> <quote>$2 has the higher expected value. But if this was a one shot and you were offering to hand me $2 in cash or the 2nd option, I'd probably take the 2nd just because I wouldn't care about the guaranteed money. I'd probably end up with nothing, but I'd be no worse off than I would have been if I hadn't encountered this situation. --- I want a pet Lavos Spawn.[Order of the Cetaceans: Phocoena dioptrica]</quote> ... Copied to Clipboard!
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