Current Events > You win $1K on a game show. Which do you choose?

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brestugo 04/17/23 9:35:33 PM #1:	You win $1K on a game show. Which do you choose? Take the $1K and end the game Play on for a 50% chance at $5K Play on for a 25% chance at $10K Play on for a 5% chance at $100K You win $1K on a game show. Which do you choose? - Results (102 votes) Take the $1K and end the game 25.49% (26 votes) 26 Play on for a 50% chance at $5K 48.04% (49 votes) 49 Play on for a 25% chance at $10K 13.73% (14 votes) 14 Play on for a 5% chance at $100K 12.75% (13 votes) 13 You're on a game show and you've just won $1K. The host gives you the following options: Take the $1K and end the game. Play on for a 50% chance at $5K Play on for a 25% chance at $10K Play on for a 5% chance at $100K Which do you choose? --- Putin delenda est <cite>brestugo posted [p:972910096] in You win $1... [t:80415663]...</cite> <quote> You win $1K on a game show. Which do you choose? Take the $1K and end the game Play on for a 50% chance at $5K Play on for a 25% chance at $10K Play on for a 5% chance at $100K Vote View Results You win $1K on a game show. Which do you choose? - Results (102 votes) Take the $1K and end the game 25.49% (26 votes) 26 Play on for a 50% chance at $5K 48.04% (49 votes) 49 Play on for a 25% chance at $10K 13.73% (14 votes) 14 Play on for a 5% chance at $100K 12.75% (13 votes) 13 Show Voting Form function poll_vote() { var vote_option = $("input[name='poll_vote']:checked").val(); if(!vote_option) return; $.ajax({ type: 'POST', url: '/ajax/forum_poll_vote', data: { option: vote_option, board: '400', topic: '80415663', message: '0', key: 'b56e43f6' }, success: function(response) { if(response.error) { alert(response.error); } else { $("#poll_vote").hide(); $("#poll_results").html(response.html).show(); } } }); } function view_results_legacy() { $("#poll_vote").hide(); $("#poll_results").show(); } function hide_results_legacy() { $("#poll_results").hide(); $("#poll_vote").show(); } You're on a game show and you've just won $1K. The host gives you the following options: Take the $1K and end the game.Play on for a 50% chance at $5KPlay on for a 25% chance at $10KPlay on for a 5% chance at $100K Which do you choose? </quote> ... Copied to Clipboard!
Antifar 04/17/23 9:37:22 PM #2:	The expected value of each of those options: 1k 2.5k 2.5k 5k --- Please don't be weird in my topics <cite>Antifar posted [p:972910137] in You win $1... [t:80415663]...</cite> <quote>The expected value of each of those options:1k2.5k2.5k5k</quote> ... Copied to Clipboard!
Lost_All_Senses 04/17/23 9:37:22 PM #3:	1k is just little enough for me to risk. Especially at that 50% chance to 5x. You need life changing amounts for me to not take that --- Name checks out "I don't wanna be the toughest, I just keep it 100 and think nothin of it"- Black Thought <cite>Lost_All_Senses posted [p:972910138] in You win $1... [t:80415663]...</cite> <quote>1k is just little enough for me to risk. Especially at that 50% chance to 5x. You need life changing amounts for me to not take that</quote> ... Copied to Clipboard!
Questionmarktarius 04/17/23 9:39:25 PM #4:	It's $1000 more than I had that morning, so it's basically gambling with house money. Go for it. <cite>Questionmarktarius posted [p:972910175] in You win $1... [t:80415663]...</cite> <quote>It's $1000 more than I had that morning, so it's basically gambling with house money.Go for it.</quote> ... Copied to Clipboard!
Irony 04/17/23 9:39:51 PM #5:	Take the 1k --- I am Mogar, God of Irony and The Devourer of Topics. <cite>Irony posted [p:972910188] in You win $1... [t:80415663]...</cite> <quote>Take the 1k</quote> ... Copied to Clipboard!
brestugo 04/18/23 7:44:26 AM #6:	Questionmarktarius posted... It's $1000 more than I had that morning, so it's basically gambling with house money. Go for it. $100K? --- Putin delenda est <cite>brestugo posted [p:972916448] in You win $1... [t:80415663]...</cite> <quote>Questionmarktarius posted... </cite><quote>It's $1000 more than I had that morning, so it's basically gambling with house money.Go for it.</quote>$100K?</quote> ... Copied to Clipboard!
Dakimakura 04/18/23 7:45:32 AM #7:	If you do anything other than option 1 you may be subject to gambling addiction. --- "Let the bears pay the bear tax I pay the Homer tax." - Bart Simpson <cite>Dakimakura posted [p:972916461] in You win $1... [t:80415663]...</cite> <quote>If you do anything other than option 1 you may be subject to gambling addiction.</quote> ... Copied to Clipboard!
Damn_Underscore 04/18/23 8:14:57 AM #8:	Realistically something like this would happen on The Price Is Right https://www.youtube.com/watch?v=6KL0nUTHU8k --- Why should we wait for some better time? There may not even be a tomorrow. <cite>Damn_Underscore posted [p:972916741] in You win $1... [t:80415663]...</cite> <quote>Realistically something like this would happen on The Price Is Righthttps://www.youtube.com/watch?v=6KL0nUTHU8k</quote> ... Copied to Clipboard!
K181 04/18/23 8:18:41 AM #10:	Im not remotely hurting for money, Ill take a one in twenty swing at a solid payday. --- Irregardless, for all intensive purposes, I could care less. <cite>K181 posted [p:972916794] in You win $1... [t:80415663]...</cite> <quote>Im not remotely hurting for money, Ill take a one in twenty swing at a solid payday.</quote> ... Copied to Clipboard!
Anony1125 04/18/23 8:25:47 AM #11:	Gimme that coin flip. I won't miss $1k that much, but $5k would be nice. --- Feeling really good. Faceless goofus in a sea of alts <cite>Anony1125 posted [p:972916886] in You win $1... [t:80415663]...</cite> <quote>Gimme that coin flip. I won't miss $1k that much, but $5k would be nice.</quote> ... Copied to Clipboard!
MabusIncarnate 04/18/23 8:27:11 AM #12:	I'm a gambling man, try for the 10k --- "They speak of progress, in red, white and blue. It's the structure of the future as demise comes seething through." <cite>MabusIncarnate posted [p:972916907] in You win $1... [t:80415663]...</cite> <quote>I'm a gambling man, try for the 10k</quote> ... Copied to Clipboard!
Glob 04/18/23 8:43:00 AM #13:	K181 posted... Im not remotely hurting for money, Ill take a one in twenty swing at a solid payday. <cite>Glob posted [p:972917115] in You win $1... [t:80415663]...</cite> <quote>K181 posted... </cite><quote>Im not remotely hurting for money, Ill take a one in twenty swing at a solid payday.</quote></quote> ... Copied to Clipboard!
AldousIsDead 04/18/23 8:45:09 AM #14:	Swing for the fences. --- In simplicity, utility. Through utility, simplicity. <cite>AldousIsDead posted [p:972917152] in You win $1... [t:80415663]...</cite> <quote>Swing for the fences. </quote> ... Copied to Clipboard!
eaglei3 04/18/23 8:57:49 AM #15:	I would go for either the 5k or 10k options. 1k after taxes is shit nowadays. I would atleast want a little more to make me feel like I won something. <cite>eaglei3 posted [p:972917326] in You win $1... [t:80415663]...</cite> <quote>I would go for either the 5k or 10k options.1k after taxes is shit nowadays. I would atleast want a little more to make me feel like I won something.</quote> ... Copied to Clipboard!
Lost_All_Senses 04/18/23 12:34:43 PM #16:	Dakimakura posted... If you do anything other than option 1 you may be subject to gambling addiction. I won $500 at a casino. Went back, lost $80. Never returned again. That was like 7 years ago. Winning that $500 was one the funnest nights/mornings in my adult life. And even then, I didn't chase that buzz. --- Name checks out "I don't wanna be the toughest, I just keep it 100 and think nothin of it"- Black Thought <cite>Lost_All_Senses posted [p:972920842] in You win $1... [t:80415663]...</cite> <quote>Dakimakura posted... </cite><quote>If you do anything other than option 1 you may be subject to gambling addiction.</quote>I won $500 at a casino. Went back, lost $80. Never returned again. That was like 7 years ago. Winning that $500 was one the funnest nights/mornings in my adult life. And even then, I didn't chase that buzz. </quote> ... Copied to Clipboard!
Questionmarktarius 04/18/23 12:36:07 PM #17:	Dakimakura posted... If you do anything other than option 1 you may be subject to gambling addiction. You're basically out nothing but the couple or three hours spent in the studio, and you're likely getting sandwiches in the greenroom and an appearance fee anyway. <cite>Questionmarktarius posted [p:972920867] in You win $1... [t:80415663]...</cite> <quote>Dakimakura posted... </cite><quote>If you do anything other than option 1 you may be subject to gambling addiction.</quote>You're basically out nothing but the couple or three hours spent in the studio, and you're likely getting sandwiches in the greenroom and an appearance fee anyway.</quote> ... Copied to Clipboard!
Spurner 04/18/23 12:38:31 PM #18:	Lost_All_Senses posted... I won $500 at a casino. Went back, lost $80. Never returned again. That was like 7 years ago. Winning that $500 was one the funnest nights/mornings in my adult life. And even then, I didn't chase that buzz. I won the first time gambling at a casino. That set a very dangerous precedent. I was quickly brought back in line when I lost a whole paycheck during a later visit. The lesson was learned. <cite>Spurner posted [p:972920919] in You win $1... [t:80415663]...</cite> <quote>Lost_All_Senses posted... </cite><quote>I won $500 at a casino. Went back, lost $80. Never returned again. That was like 7 years ago. Winning that $500 was one the funnest nights/mornings in my adult life. And even then, I didn't chase that buzz.</quote>I won the first time gambling at a casino. That set a very dangerous precedent. I was quickly brought back in line when I lost a whole paycheck during a later visit. The lesson was learned.</quote> ... Copied to Clipboard!
Questionmarktarius 04/18/23 12:40:09 PM #19:	Spurner posted... I was quickly brought back in line when I lost a whole paycheck during a later visit. The lesson was learned. Play the machine in the back, called "change". I always break even on that one. <cite>Questionmarktarius posted [p:972920959] in You win $1... [t:80415663]...</cite> <quote>Spurner posted... </cite><quote>I was quickly brought back in line when I lost a whole paycheck during a later visit. The lesson was learned.</quote>Play the machine in the back, called "change". I always break even on that one.</quote> ... Copied to Clipboard!
Lost_All_Senses 04/18/23 12:52:24 PM #20:	Spurner posted... I won the first time gambling at a casino. That set a very dangerous precedent. I was quickly brought back in line when I lost a whole paycheck during a later visit. The lesson was learned. You have gambling addicts in your family? That helped me recognize it as a path I wasn't trying to go. Plus, I was already hooked on pills and understood addictions slippery slope through that. Pills never threated me losing my house and stuff tho lol. --- Name checks out "I don't wanna be the toughest, I just keep it 100 and think nothin of it"- Black Thought <cite>Lost_All_Senses posted [p:972921220] in You win $1... [t:80415663]...</cite> <quote>Spurner posted... </cite><quote>I won the first time gambling at a casino. That set a very dangerous precedent. I was quickly brought back in line when I lost a whole paycheck during a later visit. The lesson was learned.</quote>You have gambling addicts in your family? That helped me recognize it as a path I wasn't trying to go. Plus, I was already hooked on pills and understood addictions slippery slope through that. Pills never threated me losing my house and stuff tho lol. </quote> ... Copied to Clipboard!
bigblu89 04/18/23 12:54:08 PM #21:	I'd flip a coin for 5k --- It takes zero effort to be a good person. <cite>bigblu89 posted [p:972921248] in You win $1... [t:80415663]...</cite> <quote>I'd flip a coin for 5k</quote> ... Copied to Clipboard!
Spurner 04/18/23 1:01:16 PM #22:	Lost_All_Senses posted... You have gambling addicts in your family? That helped me recognize it as a path I wasn't trying to go. Plus, I was already hooked on pills and understood addictions slippery slope through that. Pills never threated me losing my house and stuff tho lol. One kick square to the nuts was enough to make me risk averse for life when it comes to gambling, at least when it has to do with what you cant afford to lose. In TCs scenario, though, Id go for at least the 5k. 1k isnt making or breaking me, at this point. <cite>Spurner posted [p:972921408] in You win $1... [t:80415663]...</cite> <quote>Lost_All_Senses posted... </cite><quote>You have gambling addicts in your family? That helped me recognize it as a path I wasn't trying to go. Plus, I was already hooked on pills and understood addictions slippery slope through that. Pills never threated me losing my house and stuff tho lol.</quote>One kick square to the nuts was enough to make me risk averse for life when it comes to gambling, at least when it has to do with what you cant afford to lose.In TCs scenario, though, Id go for at least the 5k. 1k isnt making or breaking me, at this point.</quote> ... Copied to Clipboard!
MICHALECOLE 04/18/23 1:04:56 PM #23:	Depends on the game <cite>MICHALECOLE posted [p:972921475] in You win $1... [t:80415663]...</cite> <quote>Depends on the game </quote> ... Copied to Clipboard!
brestugo 04/18/23 5:24:33 PM #24:	It's really just a question about your appetite for risk. --- Putin delenda est <cite>brestugo posted [p:972926692] in You win $1... [t:80415663]...</cite> <quote>It's really just a question about your appetite for risk.</quote> ... Copied to Clipboard!
PerseusRad 04/18/23 5:25:42 PM #25:	I'd probably go for $5k, and just be bitter if I miss it. --- http://i.imgur.com/EUkIomS.jpg <cite>PerseusRad posted [p:972926706] in You win $1... [t:80415663]...</cite> <quote>I'd probably go for $5k, and just be bitter if I miss it.</quote> ... Copied to Clipboard!
bsp77 04/18/23 5:27:14 PM #26:	$1k doesn't really change my life at all, so I would go for more. Probably just $5k though. --- Currently playing: Dead Space (PS5) <cite>bsp77 posted [p:972926733] in You win $1... [t:80415663]...</cite> <quote>$1k doesn't really change my life at all, so I would go for more. Probably just $5k though. </quote> ... Copied to Clipboard!
Trumble 04/18/23 5:33:25 PM #27:	I'd take the shot at 5k. --- The only thing we have to fear is Trumble itself. http://error1355.com/ce/Trumble.html <cite>Trumble posted [p:972926841] in You win $1... [t:80415663]...</cite> <quote>I'd take the shot at 5k.</quote> ... Copied to Clipboard!
Ratchetrockon 04/18/23 5:41:56 PM #28:	100k --- I'm a Taurus. Currently playing: Gothic 2 NOTR He/Him <cite>Ratchetrockon posted [p:972927011] in You win $1... [t:80415663]...</cite> <quote>100k</quote> ... Copied to Clipboard!
TheMikh 04/18/23 6:06:44 PM #29:	Antifar posted... The expected value of each of those options: 1. 1k 2. 2.5k 3. 2.5k 4. 5k my thoughts exactly --- http://i.imgur.com/A0TAfek.png <cite>TheMikh posted [p:972927497] in You win $1... [t:80415663]...</cite> <quote>Antifar posted... </cite><quote>The expected value of each of those options:1. 1k2. 2.5k3. 2.5k4. 5k</quote>my thoughts exactly</quote> ... Copied to Clipboard!
Trumble 04/19/23 3:18:12 AM #30:	TheMikh posted... my thoughts exactly Expected value isn't as useful in a one-off situation though; it's only really relevant to repeated events (like Poker hands). --- The only thing we have to fear is Trumble itself. http://error1355.com/ce/Trumble.html <cite>Trumble posted [p:972936057] in You win $1... [t:80415663]...</cite> <quote>TheMikh posted... </cite><quote>my thoughts exactly</quote>Expected value isn't as useful in a one-off situation though; it's only really relevant to repeated events (like Poker hands).</quote> ... Copied to Clipboard!
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Current Events > You win $1K on a game show. Which do you choose? (+) Yeah! (+)

Current Events > You win $1K on a game show. Which do you choose?