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re: 20k guaranteed or coin flip for 100k?
Posted on 7/1/16 at 12:01 pm to jacquespene8
Posted on 7/1/16 at 12:01 pm to jacquespene8
quote:And based on math/probabilities, that is 100% correct.
He said that since 50k is greater than 20k, then you should take the coin toss. He compared an average to a pile of cash
quote:So then you understand that $50k is the expected value, correct?
Look, I got an A in statistics at LSU too
quote:I'm in ok shape, I'd hear them out.
I'm not in bad shape financially, but if I was walking down the street and somebody said, " I'll give you 20k or.....," I would probably just stop them and take the 20k right then and there.
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