Re: Risk Poll 2: If I gave you $500...
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Nov 23rd, 2009, 03:58 AM
#6 (permalink)
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Quote:
Originally Posted by bflbob
Statistically, the results are the same.
100% x $100 = (50% x $0) + (50% x $200)
What isn't the same is the spread of the results.
In the first case, I'd ALWAYS lose $100.
In the second, I'd lose $100 ON AVERAGE.
So, I'd think gamblers would tend to go with choice #2, since they hope for the best.
More conservative people would go with choice #1, since they'd fear the worse.
An opportunist would bop you in the jaw while you are watching the coin go up, and take all your money.
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Thanks, this made sense...after I posted that it probably doesnt matter in the first thread... DOH.
Very good!
Now if I had three doors, and a goat behind one of them... :P
If you do what most people won't, you will live like most people can't. - PHXMJ