Option 1: Pocket the $1000 and go home.
Option 2: Flip a coin. If it's heads, you get $10,000 rather than the $1000. If it's tails, rather than getting the $1000, you owe $3000.
The coin flip is fair - no cheating allowed and if it doesn't go your way you have to pay up. Which option do you take?
Option 2: Flip a coin. If it's heads, you get $10,000 rather than the $1000. If it's tails, rather than getting the $1000, you owe $3000.
The coin flip is fair - no cheating allowed and if it doesn't go your way you have to pay up. Which option do you take?