3 ms·
I cannot think of a single employed person that I know for whom turning down a $1000 1000:1 payoff for 10:1 odds is rational. Maybe a recovering gambling addict
by kolbe 8y ago
I cannot think of a single employed person that I know for whom turning down a $1000 1000:1 payoff for 10:1 odds is rational. Maybe a recovering gambling addict who would be triggered by this action, but that's about it.
Turning down an offer can be perfectly rational. I do not know why I am being accused of advocating for always taking options. All I'm claiming is that they aren't always worth zero, and assuming such is an irrational decision. And it's an entirely avoidable irrational decision that can be addressed by considering your own risk preferences, foregone salary, tax consequences, expected company outcomes, professional development, &c.