2 buttons: win $1 million instantly or 50% chance of $50 million instantly

[apple]

Imagine you have 2 buttons to choose from: one button gives you a 100% chance of giving you $1 million instantly or press the other button which has a 50% chance of $50 million being given to you instantly (other 50% chance is you win zero money).

[gza]

You can live off 1 million for the rest of your life if you play your cards right. Hell, in some places you could even manage it with 500k.

[Birds]

Messaggio originale di 󠀡󠀡⁧⁧gza:

You can live off 1 million for the rest of your life if you play your cards right. Hell, in some places you could even manage it with 500k.

that's kind of why those sums are difficult to get in those places.

[Hairy Hands Harry]

The 50% one. One million is nothing. Will not change my life. 50 Million will.

[gza]

Messaggio originale di Birds:

Messaggio originale di 󠀡󠀡⁧⁧gza:

You can live off 1 million for the rest of your life if you play your cards right. Hell, in some places you could even manage it with 500k.

that's kind of why those sums are difficult to get in those places.

You'd either have to be lucky, or good with money, to reach that level. But if you manage it, you can never work again. 5% on a million is 50k a year. And that's being conservative.

[Birds]

Messaggio originale di 󠀡󠀡⁧⁧gza:

Messaggio originale di Birds:

that's kind of why those sums are difficult to get in those places.

You'd either have to be lucky, or good with money, to reach that level. But if you manage it, you can never work again. 5% on a million is 50k a year. And that's being conservative.

'good with money' is already lucky, and luck can only prosper in ways which culture allows.

Also 9% is the normal return on a mutual fund, the fund managers essentially collecting 3% off of the 12% standard in stock returns.

Reality is most of these people are criminals or born to crime.

[ChickenTacos]

I have two buttons to choose from, so, I press them both. I'll take the one million, and keep pressing the 50% fifty million button until I get the 50 million. Thanks for the 51 milly, buttons.

[ChickenTacos]

Oh, and I would tithe on the 51 million, before taxes. So, $5.1 million goes to church!

[Mittens]

I'd go for the $50M so $31.5M after 37% taxes

[apple]

Messaggio originale di Josh McGuire:

They make similar decisions on smaller scale money in Deal or No Deal. Seen a guy reject 25000 pounds in order to get a 50-50 chance at 100 000 pounds. He chose the 50-50 and lost lol

Oof

[☎need4naiim☎]

Messaggio originale di De Hollandse Ezel:

Messaggio originale di ☎need4naiim☎:

We don't have 50 million $. I repeat:

WE DON'T HAVE ANY OF THAT $50M.

The thing is; we HAVE 1 million $ or flipping a coin for 50 million $ with empty pockets (we don't include any existing wealth into the equation).

you dont have that 1 million either.

Read the underlined text taken from header post:

Messaggio originale di steel:

Imagine you have 2 buttons to choose from: one button gives you a 100% chance of giving you $1 million instantly or press the other button which has a 50% chance of $50 million being given to you instantly (other 50% chance is you win zero money).

[Larry Daley]

Messaggio originale di steel:

Messaggio originale di Josh McGuire:

They make similar decisions on smaller scale money in Deal or No Deal. Seen a guy reject 25000 pounds in order to get a 50-50 chance at 100 000 pounds. He chose the 50-50 and lost lol

Oof

I managed to find the end of the episode on Youtube
https://youtu.be/OhXORpTwjOU?si=aLTMmKJSXQeplDUW

[apple]

Messaggio originale di Josh McGuire:

Messaggio originale di steel:

Oof

I managed to find the end of the episode on Youtube
https://youtu.be/OhXORpTwjOU?si=aLTMmKJSXQeplDUW

Thanks for that. The dad was brave but foolhardy.

[De Hollandse Ezel]

Messaggio originale di Specter:

I rather pick the 1 million and invest a part of it. I played the lottery a few times and I don't like my chances of winning so I rather not gamble anymore.

chance is totally difeebt.

the lottert is a neth negative.
if you add up all rickets and set them vs all added uo prozes.. you see most lotteries pay between 8 and 30 cent per 1 euro spend on tickets.

so ypu spemf 1 mil amd get pnçy 80 to 300k back.
or 1 mil tl get a chance of 0.01% to win 50 mil
a lot worse odds..

the neth gain of this burton is 25 euro in prizes for ecery 1 euro incested.. such incestmebts you want to take.

[emcarlsen (she/her)]

Money is a social construct. Abolish the state.

[𝕎𝔸𝕃𝕋𝔼ℝ]

I will take the 50 million. Because it is 50 times more than the 1 million. And invest it in gambling.