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The Random Thread of Random Randomness

Discussion in 'General Chat' started by NIGHTBRINGER, Feb 10, 2019.

  1. WildColonial Boy
    Stegadon

    WildColonial Boy Well-Known Member

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    Yes. Another Terry Gilliam film. He was a brilliant director.
    Had the pleasure of rewatching Fear and Loathing in Las Vegas the other day.
     
  2. WildColonial Boy
    Stegadon

    WildColonial Boy Well-Known Member

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  3. NIGHTBRINGER
    Slann

    NIGHTBRINGER Second Spawning

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  4. Killer Angel
    Slann

    Killer Angel Prophet of the Stars Staff Member

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  5. NIGHTBRINGER
    Slann

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    It's an interesting question.

    Mathematically it is straight forward. The 50% chance at $100 million button is the better choice, as on average the it pays off $50 million per push. So from a purely mathematical perspective, it outperforms the sure thing by a factor of 50 to 1.

    Real life is a bit more complicated though. $1 million is still life changing money, and it is a sure thing. You know what you are getting, you can rely on it. I can more easily accept taking $1 million, knowing that I gave up the chance for $100 million than I could rolling the dice and ending up with zero and squandering guaranteed life altering money.

    So while the maths is clear, and I know which one I "should" choose, I'd probably play it safe and take the sure thing. I'd be willing to give up the best case scenario ($100 million) in order to eliminate the worst case scenario (ending up with nothing). I am more risk averse by nature.
     
  6. NIGHTBRINGER
    Slann

    NIGHTBRINGER Second Spawning

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  7. NIGHTBRINGER
    Slann

    NIGHTBRINGER Second Spawning

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  8. NIGHTBRINGER
    Slann

    NIGHTBRINGER Second Spawning

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  9. NIGHTBRINGER
    Slann

    NIGHTBRINGER Second Spawning

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  10. - Q -
    Slann

    - Q - Fourteenth Spawning

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    So the $1 million dollar guarantee then?
     
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  11. - Q -
    Slann

    - Q - Fourteenth Spawning

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  12. - Q -
    Slann

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  13. Imrahil
    Slann

    Imrahil Thirtheenth Spawning

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    I have a similar stance, but also thought:

    I currently do ok without the guaranteed 1 million, so ending up with nothing isn't all that bad. (Albeit leaving a bitter aftertaste :rolleyes:)

    Grrr, !mrahil
     
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  14. Killer Angel
    Slann

    Killer Angel Prophet of the Stars Staff Member

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    yes, yes of course.

    @NIGHTBRINGER explained perfectly the reasoning for me.
     
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  15. Killer Angel
    Slann

    Killer Angel Prophet of the Stars Staff Member

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    i'm october.
    Considering the issue my liver got with fried things, i could probably die anyway. But at least not for starvation :p
     
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  16. Tk'ya'pyk
    Skar-Veteran

    Tk'ya'pyk Well-Known Member

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    ...while I am ok with the idea of eating tacos for a month, my wife would take offense and probably divorce me just from the smell.
     
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  17. Killer Angel
    Slann

    Killer Angel Prophet of the Stars Staff Member

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  18. - Q -
    Slann

    - Q - Fourteenth Spawning

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  19. Killer Angel
    Slann

    Killer Angel Prophet of the Stars Staff Member

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  20. NIGHTBRINGER
    Slann

    NIGHTBRINGER Second Spawning

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