Someone gives you $1000. You can flip a coin to triple it (or lose it all), or you can take the $1000 and go home. What are you doing?

[Rev Leon Lonnie Love]

Expected value of flipping is $1,500 vs the $1,000 of walking away. I’m flipping.

But you only flip once, dont let the law of averages trick you

 

[B86]

Give me the $1000. It will turn itself into $3000 over time…

 

[Umoja]

Expected value of flipping is $1,500 vs the $1,000 of walking away. I’m flipping.

The result is nothing or $3000.

If we were to apply your logic to an increased sum, would you truly look at the expected value of flipping the coin being $1,500,000?

Give me the $1000. An extra $2000 isn't enough, and $1000 isn't too little, to convince me to take a risk.

 

[Wig Twistin Season]

 

[Zime]

If you are only allowed to flip once then I’ll take the chance, but if you are allowed to continue flipping until you lose, then I’ll just keep the 1K.

 

[null]

statistically speaking you should flip.

i'd keep the 1k myself.

 

[AggiePride336.]

It’s Christmas time, and that $1k would be nice right about now. I’m taking the $1k and going home.

 

[maxamusa]

Depends. If this is like a sanctioned casino thing we flipping that coin

If this is some street gambling im keeping the doe....yall aint gonna finesse me with a Fugazi coin

 

[Devilinurear]

Someone gives you $1000. If you want, you can just take the $1000 and go home.

Or, you can flip a coin, and if it's heads you get another $2000. But, if it's tails, then you don't get any money at all and have to give the $1000 back. The coin is fair.


What are you doing?

Flip the average person makes that in a month any way may as well take the risk

 

[perfectblack999]

The result is nothing or $3000.

If we were to apply your logic to an increased sum, would you truly look at the expected value of flipping the coin being $1,500,000?

Give me the $1000. An extra $2000 isn't enough, and $1000 isn't too little, to convince me to take a risk.

$1000 ain’t much. The pain of losing it wouldn’t affect me. $1M? Yeah I’ll walk with that.

 

[old pig]

as a coli member it’d be easy for me to take the money and invest it and generate a 1000x return which I could use to start a multimillion dollar business…but since it’s the holidays I will probably just use the money on gifts

 

[mbewane]

I know my luck ain't working twice, I'm taking the 1000 dollars and enjoying the rest of the day

 

[Scustin Bieburr]

1k can be turned into 3k if you know how to invest.

This poll is really a test to see who's good with money. A lot of yall losing.

 

[Will Ross]

Take the money you can easily flip 1000 into 3k with no risk.

 

[Black Magisterialness]

That's not a big enough jump. I'll take my $1000 and have a nice day.