You're offered two choices:
1. A guaranteed $100.
2. A 50% chance at $200, and a 50% chance at $0.
Most people take the sure thing. But if you play that game 100 times, choice 2 statistically leaves you with double the money. So, is "safe" actually riskier in the long run? Makes you think about more than just money.
1. A guaranteed $100.
2. A 50% chance at $200, and a 50% chance at $0.
Most people take the sure thing. But if you play that game 100 times, choice 2 statistically leaves you with double the money. So, is "safe" actually riskier in the long run? Makes you think about more than just money.
You're offered two choices:
1. A guaranteed $100.
2. A 50% chance at $200, and a 50% chance at $0.
Most people take the sure thing. But if you play that game 100 times, choice 2 statistically leaves you with double the money. So, is "safe" actually riskier in the long run? Makes you think about more than just money.
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