zachvac
Legend
Silver Level
2. Yeah you could have made more, but you wanted to be greedy and get what you could at the time instead of seeing how the cards played out.
Here's a deal. I have a 60/40 coin I'm going to flip ok? If it lands on the 40%, I will pay you $500. You negotiate a deal. You get $300 no matter what and only $100 if the 40% comes up.
ev:
1. .4*500 = $200
2. 300+.4*100 = $340
Clearly #2 is more lucrative. But say you win. Why'd you take #2? If you had just seen how the coin landed you could have gotten $500 instead of just the $400 you got with #2.
Do you understand how you are being results oriented and how your logic is extremely bad? Would you take #1 in this example?