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Quick Navigation Bottom Misc
Forum » Be given a million dollars or flip a coin for 100 million

View Poll Results: Which do you take?

Voters: 40.
Give me the million
24 60%
Flip the coin
16 40%
  1. Results 1 to 30 of 30
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Thread: Be given a million dollars or flip a coin for 100 million

post 1693003533 11-07-2023, 08:00 PM
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Be given a million dollars or flip a coin for 100 million

INB4 CEO miscers already making a mill a year
AP7 crew
post 1693003673 11-07-2023, 08:04 PM
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the million.

I would never be able to live with myself if I instead chose the damn coin and flipped on the wrong side.
post 1693003693 11-07-2023, 08:04 PM
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Original Ruckus
post 1693003743 11-07-2023, 08:05 PM
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post 1693003853 11-07-2023, 08:08 PM
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Give me the million. I'd probably take a guaranteed clean $100k before gambling for $100 mil or nothing too, for that matter.
post 1693004083 11-07-2023, 08:12 PM
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I’d rather put in the effort to make 100 million out of the 1 million, and understand the mechanisms and effort that it took, than just get 100 million and tune out of life.
post 1693004173 11-07-2023, 08:15 PM
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Million
post 1693004183 11-07-2023, 08:15 PM
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Originally Posted By rollerball⏩
Flip the coin. It's definitely conceivable to make a million dollars but 100 million is a pipe dream.
yeah, but it typically takes people a lifetime to save up 1 million.

I'm not greedy.
post 1693004863 11-07-2023, 08:24 PM
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I'd take the million and then invest it. If the market averages 8% returns, that's an 80k year profit. Plenty to live off of on in rural Mantana or South Dakota. INB4 miscers say I need 1 billion to retire.
Originally Posted By Anachron⏩
Nice one.

I would flip even if that wasn't the option.

$1 million is nice, but I would rather have the 50/50 chance of the $100 million, instead of getting another million.
Nice subtle flex.
post 1693005333 11-07-2023, 08:31 PM
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Lol.... so many dumb people in this thread.

I'm selling the rights to the coin flip in advance. Expected value of coin toss is 50 m.

Someone is going to pay me 1m < payment <50m
post 1693005353 11-07-2023, 08:31 PM
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Flipping every time boyos.

It's +EV.
post 1693005373 11-07-2023, 08:31 PM
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Bird in the hand
post 1693005463 11-07-2023, 08:33 PM
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Flip
post 1693005663 11-07-2023, 08:36 PM
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I'd take the million as it would round off my finances quite nicely and allow me to retire (if i want). I have a huge cawk, I don't need 100 million, I need more time to jack myself off.
post 1693005673 11-07-2023, 08:36 PM
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Originally Posted By Ausaric⏩
Bird in the hand
…is worth 2 in the bush

Not 100
post 1693005753 11-07-2023, 08:37 PM
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Originally Posted By Ausaric⏩
Bird in the hand
EXACTLY

This is how people lose out when trading stocks. They get greedy, and instead of taking a small profit when they can, they hold out for their earnings to get larger and wind up with nothing.
post 1693005953 11-07-2023, 08:39 PM
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Originally Posted By Maestro⏩
EXACTLY

This is how people lose out when trading stocks. They get greedy, and instead of taking a small profit when they can, they hold out for their earnings to get larger and wind up with nothing.
If everybody thinks like you, entrepreneurship wouldn't exist.

1mil = maybe retire(at this rate, probably not), 100mil = generational wealth.
post 1693005983 11-07-2023, 08:40 PM
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100 million, easy
Sit in my car on Friday nights so my cat thinks I have a social life crew
post 1693006323 11-07-2023, 08:46 PM
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How greedy and stupid would one have to be to not take the Millon. Imagine what you could do for your family with that Millon. You could put it in the bank and not touch it and live a comfortable life just in the interest alone.

. Take the Millon, get a couple acres of land, build house, raise family, grow a garden.

But to each his own
"it takes a wise man to know when he is in error and a noble man to admit to it"
post 1693006343 11-07-2023, 08:46 PM
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Great question


Take the money and run
post 1693006413 11-07-2023, 08:47 PM
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post 1693006633 11-07-2023, 08:52 PM
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I'd take the 1 million. Spend it on steroids and ground beef. Then blow my head off with a shotgun when it runs out.
Beer is my brush and the road is my canvas
post 1693006963 11-07-2023, 08:58 PM
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Originally Posted By Anachron⏩
This.

If the choice was between 1 million guaranteed versus 2 million flip, then yes, take the guaranteed.
Money has declining marginal utility

How steep that decline is depends on the individual

Factoring in this, it might still be worthwhile taking the guaranteed million if the flip was worth 3, 4 or 5 million. For some it might even be rational to take the mil over a flip for $10 million

But there’s no way someone’s utility function so steep that they would take a million over an expected value of $50m unless they’re literally retarded
post 1693007553 11-07-2023, 09:10 PM
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Originally Posted By GaryRidgway⏩
I'd take the 1 million. Spend it on steroids and ground beef. Then blow my head off with a shotgun when it runs out.
i would say lol if i didn't know you are being serious. but i did lol
(ʘᴗʘ✿)
post 1693007713 11-07-2023, 09:14 PM
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Originally Posted By r32gojirra⏩
Money has declining marginal utility

How steep that decline is depends on the individual

Factoring in this, it might still be worthwhile taking the guaranteed million if the flip was worth 3, 4 or 5 million. For some it might even be rational to take the mil over a flip for $10 million

But there’s no way someone’s utility function so steep that they would take a million over an expected value of $50m unless they’re literally retarded
Your economic theory of maximal utility goes right out the window when you're dead broke
post 1693007763 11-07-2023, 09:15 PM
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Originally Posted By Adam16121⏩
I’d rather put in the effort to make 100 million out of the 1 million, and understand the mechanisms and effort that it took, than just get 100 million and tune out of life.
Cope.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1693007853 11-07-2023, 09:17 PM
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post 1693007953 11-07-2023, 09:18 PM
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I'd rather just get the guaranteed million, why not? 100 million would be great, but it would suck if you lost. That's a million you just lost lol.
post 1693007983 11-07-2023, 09:19 PM
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Originally Posted By SrsNotSrsSrs⏩
Your economic theory of maximal utility goes right out the window when you're dead broke
No - being dead broke is the clearest illustration

To a millionaire, an extra ten bucks isn’t worth much

To a homeless bum like GMiscer, that’s 3 dicks he doesn’t need to suck to get his next meal

Hence we say, as individuals move up the income scale, the usefulness of each extra dollar reduces (declining marginal utility)
post 1693007993 11-07-2023, 09:19 PM
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Originally Posted By r32gojirra⏩
Money has declining marginal utility

How steep that decline is depends on the individual

Factoring in this, it might still be worthwhile taking the guaranteed million if the flip was worth 3, 4 or 5 million. For some it might even be rational to take the mil over a flip for $10 million

But there’s no way someone’s utility function so steep that they would take a million over an expected value of $50m unless they’re literally retarded
but who was Risk Tolerance. Your EV statistics are not applicable to a sample size of one.

The first million is the hardest. The question is pretty close to "Do you already have a million dollars?" with some risk tolerance factored in.
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