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You make a good point about the magnitude of numbers they chose to use. I'm not wealthy by any means but I can afford to lose $1500. I would definitely choose t
by marquis 16y ago
You make a good point about the magnitude of numbers they chose to use. I'm not wealthy by any means but I can afford to lose $1500. I would definitely choose to put up this amount if the odds were really 13%. This is assuming that the 'game' (i.e. startup idea) is in my area of specialty, and I felt it was not just a dice throw.
I would never gamble this amount, and I would not put up $15,000 or $150,000 unless I were part of the team. I wonder how my own magnitude levels will change as my personal income increases. I remember as a student saving a few dollars for the weekend for a beer, and now I'll grab a taxi for those few dollars every day without even thinking about it.