Re: Would you put your life on the line?
So, 49 times you win 10M, and 1 time you lose life.
0 = 49(10M) + 1(-X)
X = $490,000,000.
If you value your life at more than $490M, it's a -EV gamble. Personally, I thought for a while if I value my life at more than 490M$. Furthermore I think the varience in this game is too high for me to be comfortable, even if I value my life at less than that, and I walk away.
Same situation, with 5000 #s, and 100K in suitcase, is less varience but still not good enough for me IMO. So I guess I value my life higher than that. If you make the #s 10x (i.e. make required value life to breakeven around $5B) I might reconsider).
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