Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose? | |
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Anonymous Coward User ID: 1135376 United States 11/10/2012 12:04 PM Report Abusive Post Report Copyright Violation | Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose? that is why his 2mil odds are 50%, because no matter how complex the formula the result from any up/down one/choice is always 50% |
Anonymous Coward User ID: 20901334 United States 11/10/2012 12:04 PM Report Abusive Post Report Copyright Violation | Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose? I would take the 1 in 2 chance, I am already broke-might as well hold out for the mil......:) Quoting: Anonymous Coward 26996077 Yep, nothing I need now, so I would too. However, 14,000 now would buy lots of food and water for storage, silver, which might be a better investment and possibly even worth more than the 2 mill in the near future. |
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ChvyV8Bldr (OP) User ID: 27097115 United States 11/10/2012 12:07 PM Report Abusive Post Report Copyright Violation | Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose? take the 2 mil it will be worth a 1/4 as much in 4 years but that still makes it $500k Quoting: Anonymous Coward 16520024 but watch out for 2016 ! That's why I picked 4 years. Interesting answers. Will we even know we were alive when we're dead? Me Kingdoms were run by kings Empires were run by Emperors Countries are run by..... Dumps were almost fixed by Trump |
ChvyV8Bldr (OP) User ID: 27097115 United States 11/10/2012 12:09 PM Report Abusive Post Report Copyright Violation | Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose? i think the op is "formulating" a system to win the lottery. Quoting: Anonymous Coward 1135376 that is why his 2mil odds are 50%, because no matter how complex the formula the result from any up/down one/choice is always 50% Correct...But I wish the chances were as good. Will we even know we were alive when we're dead? Me Kingdoms were run by kings Empires were run by Emperors Countries are run by..... Dumps were almost fixed by Trump |
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ChvyV8Bldr (OP) User ID: 27097115 United States 11/10/2012 12:10 PM Report Abusive Post Report Copyright Violation | Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose? Hell I would spend 14K for a 1 in 2 chance of 2 million anyday of the week, much less choose between the two. Quoting: Anonymous Coward 1379749 I never thought of it this way....Hmmm. Will we even know we were alive when we're dead? Me Kingdoms were run by kings Empires were run by Emperors Countries are run by..... Dumps were almost fixed by Trump |
Anonymous Coward User ID: 26624507 United Kingdom 11/10/2012 12:12 PM Report Abusive Post Report Copyright Violation | Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose? I would accept the 14 g's today and pay off my debts then invest the rest and hope that after 4 years I could go someway to reducing the potentiality of my loss. Regards Jules |
Adamic Seed nli User ID: 27234025 Canada 11/10/2012 12:13 PM Report Abusive Post Report Copyright Violation | Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose? So the type of people who read and post to the question may be more of the now or more of the later type. What does it say about the choice--is one conservative, the other, a risk taker? What is the psychology? How do I feel about my present circumstances? How do I feel about my ability to provide for myself in the future? How do I feel about the stability of society? |
Anonymous Coward User ID: 26624507 United Kingdom 11/10/2012 12:15 PM Report Abusive Post Report Copyright Violation | Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose? The reason is that the universe has within it purpose - to have money one must have purpose else you will waste it and as such I would have purpose in not spending the residue of the 14 k, that being to guard against embarrassment. Regards Jules |
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Anonymous Coward User ID: 15622114 United States 11/10/2012 12:34 PM Report Abusive Post Report Copyright Violation | Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose? def rather go with 50% chance of 2,000,000 in 4 years, i dont NEED 14k but having odds that good of becoming a millionaire would be worth much more to me... very suprised by the responses so far |
Anonymous Coward User ID: 26837875 United Kingdom 11/10/2012 12:42 PM Report Abusive Post Report Copyright Violation | Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose? 100% Chance of 14k 50% Chance of 2000k but you have to wait 4 years. A lot can happen in 4 years, you may find that the 2 million is crushed by hyperinflation and is only worth 50k at todays value or you may die in an accident etc, but a 50/50 chance at 2 mill with no/little investment risk at all is pretty good odds... but the way i see it you are basically betting 14k at 1 in 2 odds. I'd take the 14k because id probably try and invest 10k of that in something tangible that i will still own, gold or silver may be a good option and buy myself some goodies with the 4k, probably a new computer etc. Rather have 14k in my hand now with no risk than potentially have nothing in my hand in 4 years. If it was something like 1k now or 50% chance of 1 million in 4 years id probably jump for the chance at 1 million as 1k wont make much difference, but 14k is too much for me to ignore... Its not life changing but would allow me some financial freedom to make some choices right now that i couldn't otherwise make. |
Anonymous Coward User ID: 26837875 United Kingdom 11/10/2012 12:45 PM Report Abusive Post Report Copyright Violation | Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose? def rather go with 50% chance of 2,000,000 in 4 years, i dont NEED 14k but having odds that good of becoming a millionaire would be worth much more to me... Quoting: Anonymous Coward 15622114 very suprised by the responses so far That approach is understandable if somebody here earns upwards of 50k-100k a year, as 14k is not a lot of money these days. But its still enough money to make me think seriously about it. |
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ChvyV8Bldr (OP) User ID: 27097115 United States 11/10/2012 12:46 PM Report Abusive Post Report Copyright Violation | Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose? 100% Chance of 14k Quoting: Anonymous Coward 26837875 50% Chance of 2000k but you have to wait 4 years. A lot can happen in 4 years, you may find that the 2 million is crushed by hyperinflation and is only worth 50k at todays value or you may die in an accident etc, but a 50/50 chance at 2 mill with no/little investment risk at all is pretty good odds... but the way i see it you are basically betting 14k at 1 in 2 odds. I'd take the 14k because id probably try and invest 10k of that in something tangible that i will still own, gold or silver may be a good option and buy myself some goodies with the 4k, probably a new computer etc. Rather have 14k in my hand now with no risk than potentially have nothing in my hand in 4 years. If it was something like 1k now or 50% chance of 1 million in 4 years id probably jump for the chance at 1 million as 1k wont make much difference, but 14k is too much for me to ignore... Its not life changing but would allow me some financial freedom to make some choices right now that i couldn't otherwise make. Well yeah, at $1,000 it totally wouldn't be worth it. Will we even know we were alive when we're dead? Me Kingdoms were run by kings Empires were run by Emperors Countries are run by..... Dumps were almost fixed by Trump |