So, we were discussing this interesting hypothetical question on the WhatsApp chat and the gang wants to hear the forum opinion. Here's the question.
Suppose you're given a choice between,
1) Toss a coin for 1 Billion USD
2) Simply take home 1 Million USD
What would your choice be?
Supplemental question if your choice was 1:
In that case, whats' the amount of money that would make you go for option 2? That is, instead of 1M, what's the amount you'd need to take that option and not toss a coin?
Suppose you're given a choice between,
1) Toss a coin for 1 Billion USD
2) Simply take home 1 Million USD
What would your choice be?
Supplemental question if your choice was 1:
In that case, whats' the amount of money that would make you go for option 2? That is, instead of 1M, what's the amount you'd need to take that option and not toss a coin?