Sort of following on from Ron's 'AA' thread, two scenarios for you

[Wlokos]

I'd take option A for both. The first one, I'd rather guarantee one mil than go for three and risk getting nothing, and for the second, well, I'd really rather take a guaranteed 3 mil than go for 5, even if the risk is only to get 2 mil instead. Call me crazy, but with that much on the line, I'd just like to take the guarantee.

 

[vanquish]

A1B2, using the money to buy strippers.

 

[d'ohh]

road less traveled......

I'd do what nobody else did.......I like the sound of 3 million dollars.

1 is lonely
2 is not enough
3's a charm.

 

[alan1983]

Id take the money in every case.

odds are good for long term. If its gonna be a repeated scenario, then ill take the +EV option.

If its one time, id take the money.

Edit: i just read scenario 2. I could go either way on that 1. Probably flip though.

 

[broncos53]

Option A in 1 and B in 2....if you have 1 mill garunteed its not worht risking on a coin flip to get 3 mill or nada.... if you garunteed 3 mill but you can do a coin flip only lose 1 mill but gain 2 then go for it

 

[DaFrench1]

whoosh

Imagine a big box of chocolates. Compare the satisfaction you get from the first chocolate to the satisfaction you get from the 30th chocolate, and then try and plot a graph of 'satisfaction' for all the chocolates you eat in between (you fat bastard). You should get a downward-sloping curve - the gradient of which will level out close to (or at) zero after a certain point, depending on your tolerance for chocolates.



I thought I would put your theory to the test but have not yet been able to determine any signigicant downward trend in my satisfaction curve. Do you think I should go for another 30 to make the sample size more valid?

 

[pigpen02]

Age and lifestyle has an impact, too. One million more is all I could ever spend, so I get the guarantee in one. In two, now it is a game with $ as the scorecard, take the flip.

 

[cjroc]

I would take the 1 million dollars and then proceed to wake up because it was a dream.

I would def. take the coinflip in scenario 2

 

[pigpen02]

how do i get free roll passwords

If this weren't posted in the Poker Strategies section, you MIGHT get an answer.

 

[PokerProBetZip]

I'm confused..