Instant 1 million dollars vs. 50% chance of 100 million

So is it safe to say, the "wealthy" will take the 50/50 and the "not so wealthy" will take the guaranteed money?
 
RavageBX said:
This isn't a reasonable question and imo anyone who takes the million is a fool. 10 million would be a better question. 1 million is not a lot of money although it seems like it. If the money gets taxed you're looking at what 650k? Once I pay off my immediate families school loans and the family house and whatever other expenses are plaguing us we'd be lucky to have 100k left in the bank. It's just not enough money to really change your life and get ahead of the curve.
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I see what you're saying, $650K-ish THEN pay off a house / school loans and you're left with not much and you'd still have to work (compared to $100 million).

BUT I'd love to know what it feels like . . . JUST ONCE . . . to be totally DEBT FREE!
 
Zyzz said:
youngdoc said:
Zyzz said:
youngdoc said:
Green button for sure. Wouldn't have to work again.

I'm assuming the money isn't tax free so the 1 mill is really 500K and I would immediately pay off my loans and have a little less than 400K left. A very large sum to receive at one time of course but not a long term life changer - still would continue working in my chosen field
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tax free money or not


guaranteed money>>>chance to WIN money.
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So let's change it to guaranteed 100K vs a 50% chance to win $10 billion.

Would you still take the guaranteed money? Purposely using a ridiculous comparison.

People are in different situations so the amount of money means doesn't mean the same to everyone.

I'm not rich but I'm fortunate enough to be in a situation where $1 million wouldn't drastically change my life. $100 mill would and I'll take that 50%.
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$100k is nothing though, id def jump at the chance to win $10 billion i mean who wouldnt?

$1 mill is 10x the amount of $100k, theres a difference.
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I'd jump at the chance at any amount that would have me set for life. That's why I couldn't pass up the chance at 100 mill
 
Al Audi said:
im gonna have to agree with zyzz
if you dont have neither to begin with...............
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but if you were presented with this example you would have the $1M, guaranteed. It's whether or not you accept it.

but i agree with youngdoc, it all depends on your financial situation at this moment. me? i'd take the $1M and not look back. It would change my life in such a major way that the chance of not getting $100M makes the decision that much easier for me.  
 
That million could sit in the bank make 50000k a year.

Real talk, I would go back to school and live off that.

I'm hitting the red button.
 
(old folk wisdom) a bird in the hand beat two in the bush(old folk wisdom)

red button please and its my favorite color

LMAO could you imagine the **** face of people when they don't hit
 
**** that yolo nonsense.

Give me the million. I'd make it work for me.
 
I'd take the red instant million.  Somethin tells me the green button would probably be rigged anyway.  Plus, the first million(s) is always the hardest, so if I had the chance to get the easy million I know exactly how I'd flip it.  
 
Tr1ll said:
So is it safe to say, the "wealthy" will take the 50/50 and the "not so wealthy" will take the guaranteed money?
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I think it's more like the " non-hustler" takes the chance and the "hustler" takes the instant milli knowing he can turn it into 100 milli.
 
Red Button.

Nicc 2 A Bricc :pimp:

Invest right and you can live off capital gains alone.

Invest wrong and you still got enough cushion to ride out until you start getting paid for something you love to do.

Win-Win
 
Do I get to make a deal with the other person for a mil if they win the $100 mil and vice versa?
 
PETEY PABLO said:
mill is nothing , still gotta work ....... 100 mill? ...i can be a part owner of a sports franchise....yahts,mansion bugatti's etc
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nah. $0 is nothing. A mill in the bank is making anybody's situation better. yall can take the coin flip. im taking guaranteed million easy. 
 
i would regret ending up with nothing more than taking the 1 mil, then doing the 100 mil button and seeing that i would've won and it showing that i would've had the 100 mil

something > nothing
 
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