So Am I A NIt?

[David Sklansky]

Perhaps by some people's standards. If you use the gambler's scale. But certainly not otherwise. Here are two questions:

All of the people in this country with a liquid bankroll between 100K and 10 mil are offered 7-5 on the flip of a fair coin. ONE TIME ONLY. There is NO DOUBT the flip is fair. Doubt is assumed not to be part of this problem, though in real life it would be.

A. How much do you think I would REALLY bet as a percentage of my bankroll?

B. What proportion of all 100K to 10 Mil Americans would bet a higher proportion of their bankroll (lets also elimate those with pressing expenses)?