depends........(math and stats tiltage) dont read if tilted by numbers and s**t.
If you dont have a pot to piss in then 70K is a reasonable deal as 250K wont change your life much more than 70K
If you are set up and a millionaire then 70K is a bad deal.
People assume that if its 50/50 then the offer should be half the 250K, thats not actually true.
Risk free money has a greater value.
This is a concept known as certainty equivalence or risk premium.
Here is detailed analysis relating to Blackjack
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Posted By: usacanary on August 30th 2011 at 17:43:26
Message Thread
- That was a bad plan on deal or no deal. ?5 or ?250,000, deal is ?70,000. He said.. (General Chat) - DrDublin, Aug 30, 16:56:41
- depends........(math and stats tiltage) dont read if tilted by numbers and shit. (General Chat) - usacanary, Aug 30, 17:43:26
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