4 ms·
> If I set n at, say, $1M, then I might win $1M I'm not sure whether you're understanding the wager correctly. If you win, you double your entire savings, not
by dfranke 19y ago
> If I set n at, say, $1M, then I might win $1M
I'm not sure whether you're understanding the wager correctly. If you win, you double your entire savings, not just gain $n.
- brianr 19y agoOh, that's true. Still, I think the wager is too scary for most people to accept for large values of n. Even if I set n=1M and have 10M when I'm 55, gaining the extra 10 million will make significantly less of a difference to my life than losing all but $5k will.
- staticshock 19y agothat's the point of the study
- deleted 19y ago[deleted]
- ed 19y agoDfranke, adhering to the constraints given shouldn't the correct answer should be a very large negative value for n? There's no upside to increasing the value of n; you're only putting yourself further at risk.
- dfranke 19y agoI'm asking the maximum value of n you could be offered such that you would still accept.