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#51
11-04-2007, 10:37 PM
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Re: Would you put your life on the line?
[ QUOTE ]
1 in 10 for $1mil I do parties. [/ QUOTE ] I could imagine super degen parties full of super rich sociopaths with you on a stage and a ten sided dice. If you lose you kill yourself via suicide...or they are forced to murder you. 
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#52
11-04-2007, 11:16 PM
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Re: Would you put your life on the line?
[ QUOTE ]
1 in 50? I'd take that in a heartbeat. To put it in perspective, it's like saying you have top set vs bottom set and all the money goes in on the turn. Would you risk your life that you win there with top set for 10 million? I think it's an easy yes, as 10 million will improve your lifestyle significantly and 2% is pretty low. [/ QUOTE ] not if it was on riverstars. har har har. edit: i would def take the 50:1 chance that op mentioned.
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#53
11-04-2007, 11:16 PM
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Re: Would you put your life on the line?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] So, 49 times you win 10M, and 1 time you lose life. 0 = 49(10M) + 1(-X) X = $490,000,000 [/ QUOTE ] No. $10m*(49/50) = $9.8m [/ QUOTE ] Every post I read in this thread that didn't correct that made me cry. But maybe it was some kind of retarded level. [/ QUOTE ] I didn't correct it for natural selection reasons. I figured people that thought his math was correct would be more likely to pick the number and die. Way to make baby Darwin cry.
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#54
11-04-2007, 11:24 PM
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Re: Would you put your life on the line?
[ QUOTE ]
0 = 49(10M) + 1(-X) X = $490,000,000. [/ QUOTE ] you're doing the math wrong. if you're risk neutral, the question is "will $10 million increase the value of your life by more than 2%"? if you do not have a lot of monies the answer is probably yes.
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#55
11-04-2007, 11:27 PM
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Re: Would you put your life on the line?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] So, 49 times you win 10M, and 1 time you lose life. 0 = 49(10M) + 1(-X) X = $490,000,000 [/ QUOTE ] No. $10m*(49/50) = $9.8m [/ QUOTE ] Every post I read in this thread that didn't correct that made me cry. But maybe it was some kind of retarded level. [/ QUOTE ] 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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#56
11-04-2007, 11:30 PM
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Re: Would you put your life on the line?
id take those odds in a heartbeat. probably worse odds for less money too.
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#57
11-04-2007, 11:35 PM
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Re: Would you put your life on the line?
for those of you saying no way you'll take this, consider how many times you risk your life driving to work to earn an insignificant amount of money in comparison.
if you make $50k/year, you'll drive to work and back about 40,000 times before you make $10 million. if you can expect to die once in 4 million one way trips, you're getting the same odds as with this suitcase/gun proposition. the only difference is you have to work for 200 years. if you put any thought at all into it, the answer should be pretty obvious.
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#58
11-04-2007, 11:37 PM
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Re: Would you put your life on the line?
I would do 1-10 for 5 dollars. Write down 6. If he says six, claim its a nine.
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#59
11-04-2007, 11:37 PM
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Re: Would you put your life on the line?
Where's the pole?
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#60
11-04-2007, 11:39 PM
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Re: Would you put your life on the line?
[ QUOTE ]
for those of you saying no way you'll take this, consider how many times you risk your life driving to work to earn an insignificant amount of money in comparison. if you make $50k/year, you'll drive to work and back about 40,000 times before you make $10 million. if you can expect to die once in 4 million one way trips, you're getting the same odds as with this suitcase/gun proposition. the only difference is you GET TO LIVE FOR 200 years. if you put any thought at all into it, the answer should be pretty obvious. [/ QUOTE ] FYPFGIHFV (Fixed your post for glass is half full viewpoint)
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