Guaranteed to get $1 million or 50% chance of getting $1 billion

[notsrsbrah]

The Question is essentially this

You are GIVEN 1million dollars (guaranteed), you are then asked to bet it all on a coin flip for 1 billion. Would you bet that much money on a coin toss?

Very interesting way to look at it!

[Mattash2g]

anyone saying they'd take the 1 million is a ****ing idiot

1 million won't do chit for you pov *******s. it'll be like wining the lottery. you'll all lose it fast, just like the huge majority of lottery winners. a lot of them go into debt after winning big as well.

1 billion dollars is completely different. you could do whatever you want for as long as you want. you don't understand odds if you wouldn't take the 50% chance

[notsrsbrah]

anyone saying they'd take the 1 million is a ****ing idiot

1 million won't do chit for you pov *******s. it'll be like wining the lottery. you'll all lose it fast, just like the huge majority of lottery winners. a lot of them go into debt after winning big as well.

1 billion dollars is completely different. you could do whatever you want for as long as you want. you don't understand odds if you wouldn't take the 50% chance

Age 21 and $1million wouldn't set you up for life?

[timothyk89]

Age 21 and $1million wouldn't set you up for life?

Let's say you're 20 and have 60 years left on this earth. Assuming a real interest rate of 3% above inflation, you'll have an extra $36,133 bucks to live off per year for 60 years before you deplete the million to 0. [on excel, pmt(3%,60,1,000,000,0)]. Hardly enough on its own to justify coasting. We'd probably still pursue a real job with as much vigor as someone without the deal. We might just make marginal changes like.. instead of choosing accountancy as a career, we might give writing a shot for a couple of years. Maybe spring an extra 1-2k on a nicer house to rent / bigger mortgage.

For a lot of people, especially miscers who have yet to accumulate a significant savings/ net worth it might be hard to value a lump sum of $1,000,000. But let's try look at things in terms of the additional cash we would effectively have per year for the next 60 years of our life. Are you the median income earning single American earning $27k a year? this additional $36k a year more than doubles your yearly income. It definitely looks substantial in those terms.

What if you go to a good university and are expecting a base pay of $70k. That extra $36k doesn't seem as dramatic anymore.

Maybe you should spend $150,000 on university and "pay" the $1,000,000 to flip the coin for a billion.

[Yoopwat]

A milli no question. I'm trying to get into property developing and that'd be plenty to get me started so I could quit my job

[apdodopa4]

anyone saying they'd take the 1 million is a ****ing idiot

1 million won't do chit for you pov *******s. it'll be like wining the lottery. you'll all lose it fast, just like the huge majority of lottery winners. a lot of them go into debt after winning big as well.

1 billion dollars is completely different. you could do whatever you want for as long as you want. you don't understand odds if you wouldn't take the 50% chance

this ******* is from australia... where a 2br house cost a million dollars or a $6 bottle of water. lmao peasant



for us usGOAT brahs 1million could get a 5br house in the burbs, a new car, and enough to sit around jacking off for a decade+. and thats without trying to invest it

[PermaBulk610]

My brain says take the million, pay off my house and student loans and invest the rest so i can retire at a young age. My heart says a million dollars really isn't too much and at 28, good luck trying to retire right now. Im taking the 50/50 shot at Drastically changing my life and all of my families. If i lose, oh well, my life wont change too much with a million dollars. A billion? now were talking.

[BuildKing]

You do realize with 1 million you can make alot of millions? That is... if you have some brain cells.

[Xedem]

50% @ $1 Billion

[Gizzyhardcore]

wtf for some reason I thought it was $1 mil for every year for the rest of your life or 50% @ $1 bil

But seeing as its only $1 mil vs 50% $1 bil, the $1 bil is a no brainer. I already have close to a $1 mil in assets

[SoberToaster]

one million no question.

if you come into this thread with the opposite response i have some bad news, you are either already wealthy or a phucking moron with a "Monster" energy drink bumper sticker on your car or something of the sort.

[notsrsbrah]

wtf for some reason I thought it was $1 mil for every year for the rest of your life or 50% @ $1 bil

But seeing as its only $1 mil vs 50% $1 bil, the $1 bil is a no brainer. I already have close to a $1 mil in assets

No liquid no care

[tehgosu]

I'll take the guaranteed millie knowing my luck I'd lose the flip and a million is more than plenty to fulfil my needs.

Na who am I kidding put it all on red baby

[EoR]

It's a tough call, but a coin flip for 1 billion doesn't just change your life beyond near measure but the lives of loved ones, friends and family + any those deserving. I think I would sacrifice having liquid cash equivalent of 5years+ of working in order to change so many lives forever. If the amount was let's say 5mill, then that is enough to change more than just yourself in a large way, I would take that.

1 billion can set up a legacy, fund generations of your family and others. At the sacrifice for 1mill to help yourself I would take that coin flip and close my eyes.

[notsrsbrah]

It's a tough call, but a coin flip for 1 billion doesn't just change your life beyond near measure but the lives of loved ones, friends and family + any those deserving. I think I would sacrifice having liquid cash equivalent of 5years+ of working in order to change so many lives forever. If the amount was let's say 5mill, then that is enough to change more than just yourself in a large way, I would take that.

1 billion can set up a legacy, fund generations of your family and others. At the sacrifice for 1mill to help yourself I would take that coin flip and close my eyes.

Agree to disagree, people can take care of themselves. I'd take the millie for myself and set myself up smart.

[QuickNutkus]

50/50 chance on a billion.

[PenorCut]

I'd take 50% chance of getting 1 billion.

With dedication and a smart execution, a million dollars is within reach for most people. 1 billion? That's like 1 thousand million. Awe fuk bye.

[affaire]

Oh cool. You have a stats related class. You're smarts.

[jamesvt]

1 million easy. I would probably work for maybe 3-5 more years then just live off passive income. With a 1 million dollar lump sum it wouldn't be to hard to earn 100k a year from a passive income.

[Ajax552]

1 mill for sure. i have humble tastes, just want to be able to pay for uni, buy a crummy car and have enough money to buy enough food. das all mane. dave the rest, buy things when i need em. no need for more, that would make me happy

[Chesso95]

It's funny to see who the risk takers are and who aren't

Although imo not taking the billion is pretty dumb

50/50 odds for a 1000x increase is pretty good, I would forever regret not taking the chance

no, it's about who's a mamas boy living with their upper mid class parents and who's out there in the real world on their own.

[yamanbt]

1 million guaranteed.

I'd invest a decent chunk of that money into something smart, and live within my means (as I have always done).

[jamesbwbevis]

I'd take 50% chance of getting 1 billion.

With dedication and a smart execution, a million dollars is within reach for most people.

you people are so delusional its scary. A million dollars is within reach for most people? Maybe after years and years until retirement, if they have a good job and save like crazy. but to compare that with getting it at once? God wtf planet do some of you live on

also lol at some saying " i have 1 mil in assets". cool, compare that to having getting $1mil lump sum in cash, totally different situation

[Omnivium]

At first I immediately thought I should take the 1 million, but then I realized that 1 billion is such a huge opportunity that it's worth it to take the risk. You can make 1 million if you get a good career and work hard. But you will never make 1 billion unless you are in the top 0.000000000001% of lucky bastards

[Penile_Dementia]

A billion dollars would be amazing but its not the billion I dont like its the 50% chance AT NOTHING. How stupid can some of you fools be. Most of you guys wouldnt even put down $100 on black and yet you claim you'd piss away 1 million dollars for a roll of the dice? GTFO

But I don't have nothing. I am financially secure, so I'd definitely try for the billion.

Yes, if you're broke, it's better to pick the million.

[Sakeoe]

I would take the million. With my luck it is almost a guaranteed loss on the coin toss.

[MikeKK]

1 bil defo. If it was like 10% chance then I'd obvs go for 1mil but at 50 50 it's very likely. Feeling lucky punk? Well do you?

[CalmWind]

ill take the 1 million right now

wlll change everything and give me a happier life.

[TheHaggis]

Surely the misc will be going for the £1bn since everyone seems to be on that CEO £10k/day time? £1m is nothing to the misc.


(not srs)

[HungLikeJesus]

Bet someone elses money to flip a coin for my own 1 billion?