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Old 08-02-2012, 02:56 PM   #31
Myth
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Default Re: Would you rather...

Quote:
Originally Posted by IGOTGAME
I disagree. 85% is enough for me to take the risk. 150k would be nice but Id have to roll the dice. I can do a lot of good for a lot of people with 1 billion dollars.

I view it as this:

Option A:
100% chance at happiness

Option B:
85% chance at extreme happiness
15% chance at extremely miserable

I'm taking option A
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Old 08-02-2012, 03:26 PM   #32
KDTrey5
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Default Re: Would you rather...

Quote:
Originally Posted by REACTION
EV1 = 1.0 * 150,000 = $150K
EV2 = (0.85 * 1,000,000,000) - (0.15 * X) where X will be my quantified cost of going to prison. If that's higher than $5.665 billion, I take option #1. I probably won't earn $5 billion over my lifetime, so the opportunity cost of going to prison is probably a lot less than that.

I guess I'd gamble with #2.
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Old 08-02-2012, 03:53 PM   #33
LA_Showtime
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Default Re: Would you rather...

Quote:
Originally Posted by MJ(Mean John)
This is "go big or don't go at all"

Type things, so I'd normally go with option #2.
But life in prison? F.uck that.

I'll go with #1. $150,000 is cool anyway.
If I went to a bank and they gave me a cd with some really good interest I could make like $10,000 a year JUST off of that interest.
In 5 years, that's $50,000.
Obviously it'd take a while but then you can start making some serious investments to set yourself up for life so you wouldn't have to work and you won't be a billionaire but shit, you don't have to be to live life at a very high comfort level

... I don't know where you live, but I can assure you that you won't be getting anywhere near that rate with a CD. CD rates are HORRIBLE right now.
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Old 08-02-2012, 04:03 PM   #34
DaHeezy
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Default Re: Would you rather...

Quote:
Originally Posted by WockaVodka
#1, no risk and a decent reward.

This, plus no risk in getting life imprisonment.
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