Which would you choose; $1,000 guaranteed or a 50% chance at making $3,000?

2 Comments

  • Steve - 16 years ago

    That depends: how many times is the choice offered? Without that additional piece of information, you have to assume "only once" and pick the $1000. Otherwise the 50% chance at $3000 is a no brainer since it averages $1500/transaction over the long haul.

  • Dear John Thain - 16 years ago

    My answer: yes!

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