Poll

You are given a choice between a guaranteed $100,000 or 10% chance at $1,000,000. Which do you choose?

$100,000
10% chance at $1,000,000

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Offline Zam888Topic starter

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BE HONEST https://elementscommunity.org/forum/index.php?topic=42503.msg529412#msg529412
« on: August 05, 2012, 11:16:36 pm »
Taking into consideration your life situation and/or aspirations, which would you HONESTLY choose? Reasoning behind your decision?

Offline RootRanger

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Re: BE HONEST https://elementscommunity.org/forum/index.php?topic=42503.msg529413#msg529413
« Reply #1 on: August 05, 2012, 11:19:27 pm »
1,000,000 is certainly not 10 times as beneficial to one's happiness as 100,000 is. Easy question.
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Offline Zam888Topic starter

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Re: BE HONEST https://elementscommunity.org/forum/index.php?topic=42503.msg529414#msg529414
« Reply #2 on: August 05, 2012, 11:24:00 pm »
1,000,000 is certainly not 10 times as beneficial to one's happiness as 100,000 is. Easy question.

What if you are in the middle to late stages of your life and in a STABLE financial situation, would you not take the risk? You aren't actually wagering anything you currently own.

Offline dragonsdemesne

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Re: BE HONEST https://elementscommunity.org/forum/index.php?topic=42503.msg529415#msg529415
« Reply #3 on: August 05, 2012, 11:24:47 pm »
I'd rather have the sure thing, even though statistically they're equivalent.  Give me teh $100k nao!

Offline Higurashi

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Re: BE HONEST https://elementscommunity.org/forum/index.php?topic=42503.msg529418#msg529418
« Reply #4 on: August 05, 2012, 11:33:39 pm »
This'd be more interesting if the difference was between 10-100k or 1-10k, because the lower the numbers the bigger the difference of what you can do with the two different sums. I would easily pick the guaranteed 100k since my goals in life do not require millions of dollars. I don't know what kind of meaningful goal would.
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Offline Jenkar

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Re: BE HONEST https://elementscommunity.org/forum/index.php?topic=42503.msg529419#msg529419
« Reply #5 on: August 05, 2012, 11:40:14 pm »
I would easily pick the guaranteed 100k since my goals in life do not require millions of dollars.
That.
Also, it is possible to make the 100k$ give fruits, in case you "need" more money.
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Re: BE HONEST https://elementscommunity.org/forum/index.php?topic=42503.msg529421#msg529421
« Reply #6 on: August 05, 2012, 11:49:26 pm »
Gimme the sure thing, please! It'd take care of my student loans with a decent amount left to buy one of these:
http://www.airstreamclassifieds.com/showproduct.php?product=16588&cat=6
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Offline Drake_XIV

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Re: BE HONEST https://elementscommunity.org/forum/index.php?topic=42503.msg529422#msg529422
« Reply #7 on: August 05, 2012, 11:50:49 pm »
Pokemon has taught me 10% is a horrible chance, so I'd take what I can.

Offline furballdn

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Re: BE HONEST https://elementscommunity.org/forum/index.php?topic=42503.msg529424#msg529424
« Reply #8 on: August 05, 2012, 11:54:49 pm »
10% of 1M averages out to 100k. Better to be safe than sorry if the averages are the same.

Offline blarp

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Re: BE HONEST https://elementscommunity.org/forum/index.php?topic=42503.msg529425#msg529425
« Reply #9 on: August 05, 2012, 11:59:02 pm »
100k. the numbers your picked were lame.

would you rather pick a sure 100 bucks, or a 10% chance at 1000 bucks?

5, or a 0.0005% chance at a million bucks?

If you'd pick the million bucks, it's time to start buying lotto tickets.
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Offline blarp

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Re: BE HONEST https://elementscommunity.org/forum/index.php?topic=42503.msg529426#msg529426
« Reply #10 on: August 06, 2012, 12:00:46 am »
Gimme the sure thing, please! It'd take care of my student loans with a decent amount left to buy one of these:
http://www.airstreamclassifieds.com/showproduct.php?product=16588&cat=6

WTF that trailer is wayyy better than my dorm room which i pay about that much for -.-

It also is a car (which i don't have), has a toilet, and doesn't have a roommate, and I'm allowed to cook in it.
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Offline juan_de_diablo

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Re: BE HONEST https://elementscommunity.org/forum/index.php?topic=42503.msg529428#msg529428
« Reply #11 on: August 06, 2012, 12:12:46 am »
Gimme the sure thing, please! It'd take care of my student loans with a decent amount left to buy one of these:
http://www.airstreamclassifieds.com/showproduct.php?product=16588&cat=6

WTF that trailer is wayyy better than my dorm room which i pay about that much for -.-

It also is a car (which i don't have), has a toilet, and doesn't have a roommate, and I'm allowed to cook in it.

And it has a free range :) Ya, it'd be sweet to have imo.

And I can't say I ever missed back in the day my freshman year in the dorms, but we had some damn good times. I met a lot of my now life-long friends there. Plus, my roommate and I downloaded gameboy emulators so we could battle pokemon! Good times.
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