Re: Would you put your life on the line?
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So, 49 times you win 10M, and 1 time you lose life.
0 = 49(10M) + 1(-X)
X = $490,000,000
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No. $10m*(49/50) = $9.8m
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Every post I read in this thread that didn't correct that made me cry. But maybe it was some kind of retarded level.
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lol. the correction is wrong. the original is correct if this is the valuation approach.
$10m*(49/50) = $9.8m is the expected value of the proposition if you value your life at $0.
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