Yeah it's pretty easy to pick 1 million because if you play it right you can turn that 1 million into something like 100 million with interest.
iheartboobs
you would need more than just interest to reach 100 million my friend
vvv
You really don't know how financial investing works, do you?
Unless you are extremely smart, you wouldnt even be able to reach 50% return rate, even if you were that would be one of the maximum you could reach. And that's not taking into the account the risk of losing just as much….
weaksauce
i'd take the risk, if i didnt get it, id' be where i am right now anyway
Simon
You'd be right where you are now, but with the hollow feeling that you could be have a cool million.
Underbaker
I guess it is how you look at it. I see it as saying here have a million dollars it is now yours to do with what you will, now would you like to bet that 1 mil on a chance to win 100 mil? I would keep the 1 million.
Deadpool
What happens if I press both at the same time?
Joshua
Go 101 million in debt.
Katie
Instant death
bobsuruncle
You guys are either (A) really risk-averse or (B) terrible at understanding expected value.
Jack
Actual outcomes only converge to expected value over repeated trials. Which aren't happening here.
*You* don't understand standard deviation and marginal benefit.
Jill
You don't know Jack!
Salt
The value of an additional dollar DECREASES as total wealth INCREASES. The change in your life when you go from 0 to 1 million is larger than the change in your life when you go from 1 million to 100 million.
ill take the million…
videologic
yeah, but that change in your life when you got from 0-100 million is more. I would gamble
bsitz
Too much knowledge for a simple question…..press green go to Vegas.
bsitz
red…i was too lazy to scroll up lol
http://www.facebook.com/richardjohnhudson Richard Hudson
I am neither risk-averse and I have good understanding of expected value. (I have a B. Comm (Finance).)
However, I still take the sure million. The benefit of an additional (first)million far outweighs the potential benefit of 100 million; at least for me.
If my net-worth was already $1million+, my answer would likely change… the benefit of an additional million would not be nearly as high.
Walter White
or (C) Already have a couple mil in the bank and want to take it to the next level.
Bubba
Red! Boom, I'm done!
crazydog
green.
kj018
Press the green one several times until you win, there is no specified limit on the number of times you can press each button
Jeff
Clearly not the point of the exercise
Green Mountain Bot
Or press red 100 times.
zTom
Then that would start feeling like too much like work so screw that!
I'll take my couple of millions and go back to nap.
https://www.facebook.com/stephen.hoemke Stephen Hoemke
My wife and I will each push the 50% chance at 100 million… :^)
http://www.facebook.com/zeb.westrom Zeb Westrom
You do know that still only gives you a 75% chance of winning. Of course, within that 75% would be a 50% chance of 100 mil and a 25% chance of 200 mil. Not to bad, I suppose.
trl87
Those values aren't additive. Your chance is always 50%.
Ethix_
I could be wrong, but I thought the probability of pushing the button twice and not getting any money can be written as: 1 – (.5 x .5) which would equal .75.
trl87
You have a 25% chance of getting the money twice in a row (or not getting the money twice in a row) and a 12.5% chance of getting it three times in a row. But every time you push it you have a 50% chance because the last push has no bearing on the current one.
BobTheWeasel
Without much math, there are 4 options of equal probability:
You get it, she gets it
You get it, she doesn't
You don't get it, she does
Neither of you gets it
In 3 of the four options, at least one of you gets it, therefore 75%
TTT
Nope. Zeb is right. On any given push your chances are 50%, but the odds of losing twice in a row are less than that. If you pushed it ten times, you still think you have only a 50% chance that any one of those is a winner?
trl87
I need references because I don't believe you. Prove me wrong and I'll secede my point. Yes, I do believe that there is always only a 50% chance of winning every time and one push has no bearing on any others.
trl87
Nevermind, It makes sense now…
http://astros.com Ben
The probability does not change. If you were to flip a coin 99 times and get heads, the next flip still has a 50% chance of being heads.
Corrector
That's true but misses the point, because it just takes one to win. The odds of getting one winner in 100 trials are not 50%. It would be a near certainty to flip at least one tail out of 100 flips.
Idius
Reminds me of the opening scene of Rosencrantz and Guildenstern are Dead
Name
Coin flip is a bad example as human interaction is causing the coin to flip. Therefore, it is not fully random. If you use the same motion every time then the same result will happen every time.
Really?
First spouse takes the 50/50 shot, if they win, repeat, if they lose, 2nd takes the easy million.
Mike D
Do I have to pay taxes on the 1 million?
Timothy Geithner
Simply forget to pay your taxes…worked for me.
Obama
lol
Underbaker
That only works if they owe you money, if you owe them they will be knocking on your door.
Timothy Geithner
Unless you're the Secretary of the Treasury…then you can do whatever you'd like.
Swiss banker
Bien sûr que non Monsieur!
Oli
In Canada we don't pay tax on lotto/draw/casino winnings….if this is considered a lotto/draw/casino game.
mzf
not if you live in Canada.
KoolAid
You can only press one but it doesn't say how many times. I'd press the $100 million all day.
patov40
Red. Kids go to college, and I might not have to teach until I keel over in my classroom. Winner!! B)
Outta my league
22 years of my sallary, before taxes.
Josh
Uhm, I would just hit the green button until I had a billion dollars. It said you could only press one button. It didn't say have many times you could press it.
Who here still feels smart?
>Josh
You're an idiot
Chris_ninety1
Definitely red. Now if everyone got a press, I'd get my family or closest friends together and propose a pact that half of us would press red and half would get green, and no matter what we'd split the final pot evenly between us. That strikes me, as someone who has actual mathematics qualifications, as a sure fire way to guarantee a life changing amount of money whilst giving good odds of the big pay day.
Mind you, as someone who doesn't have actual economics qualifications, I'm still fairly sure if EVERYONE got a press then that money would end up being pretty worthless. As Zimbabwe shows, it's not that impressive if nearly everyone is a millionaire.
Alex
I choose the red one to press it 100 times
Derp
#17 That deserves a gold medal
fchezenko
a pearl necklace at least
Dr_StrangePants
play his cards right and maybe he can see how good of a Pole-Vaulter she is.
Random Black Guy
Surprise blow job
Fat White Chic
I have no self-esteem and want to piss off my dad. What are you doing tonight? I have some grape soda…just sayin'.
TimmyTomga
That dude sitting down in the red shirt is pissing himself laughing
Still_Counts
#5
We seriously need a post for "Sexy Athletes of the Olympics"
they should probably paint that thing neon-colored
before SWAT gets called in
The Game
MAGGOTS!
Kozy
Suprise head is the best suprise of all!
duh
cool story bro
sp0ticus
surprise buttsex is a close second
???
People still say head?
etcrr
#5 Make Antonija a Chivette, she is gorgeous
windowlicker
Thank you for your service to your country Antonija. Croatia needs more people like you. Good job finding her Chive. This made my day.
Bill57
she is very tall and hot looking i bet she could play basketball and dribble the ball then shoot and it would go in cause she is very tall it would be even better if she could build a race car with race car parts then she could go fast too.
MatFrat
Heya Goergie, want a balloon? #12
benbobbins
Oh yes, Georgie. They float. They all float.
Jojo
#30 Instant $1 Million
vegasnites
Yeah me too… you can live off the interest of $1mil the rest of your life…. esp in another country.
Chris
A 3rd world country maybe…
JSIGS
#5 YES
http://twitter.com/cvine08 @cvine08
thank you…i needed this
MIKEG01sf
Is it wierd #4 makes my wiener move????
sp0ticus
only if it moves side to side
HatBomb
Yes Mike, it really kind of is.
thebigbangdito
#30
1,000,000 / average of 50k a year = 20 years.
I take the red and ill be happy
#18
Kcco kids…
spicticus
Well when you think logically, sure I'd take the red too.
mikeltn
When you think logically, after taxes, it is closer to $600k. With inflation rates and expected poor investing (1,000,000 / average of 50k a year = 20 years, really?) the $600k would last for about 6-8 years tops. Not enough to retire on, so you might as well go big or go home.
a-nom
Again…that is not what the exercise had intended…this isn't a financial test, it's a psychology test.
Oli
We don't pay tax on winnings in Canada!
nick
there's always the guy who shoots down a windfall by talking about taxes. fuck you
B Dub
#22 GTFO!
#28 NEED!!! vs want
#30 Red 1 mil sure thing. Very tough choice though!!
etcrr
#23 is beautiful and I'm not greedy I'll take 1 million #30
Bill57
when i drove a truck it had red buttons and green buttons on it and when i pushed the red button or the green button it didnt give me any money but that was okay cause i could still push the button and sometimes the lot lizzard would ask to push the button and i let her cause the button was red and there was a green button to.
windowlicker
The beautiful girl has the same colors in her hair as the red and green buttons have on them. Absolutely stunning and gorgeous. This is funny because buttons should not be stunning and gorgeous. They are only buttons after all.
Rollout25
#30 I'm a gambler I'll take my chance at the 100Million
http://twitter.com/DrDrai1122 @DrDrai1122
Finally! Someone with some balls. Good choice. If you lose you didn't really lose anything because it doesn't cost you to play
RealZoo
You "lose" a "guaranteed" $1 million.
Jezza67
WTF are you going to do with $100m that you can't do with $1m?
http://twitter.com/JustinYnolds @JustinYnolds
Two chicks at the same time.
DumbPhone
Two chicks at the same time on a bed of cash…
a-nom
hahahahaha! oh office space…
Henry
Easy. Never work again.
http://www.facebook.com/TheTansley Sean Tansley
#31 Instant 1 Million.Cant be greedy.
JustbinK
#24 Heath's performance still blows my mind…
USA
the magic trick was awesome.
http://twitter.com/DrDrai1122 @DrDrai1122
It is captivating and awe inspiring all at the same time. I cannot picture him in another movie without his Joker face paint. His performance will be his legacy and the best one he could possibly have.
Powshredder
His role as the Joker will go down as one of the best acting performances of all time, no doubt.
Rufus
while it's a tragedy that he died because of his dedication to his role, it's good that he will not be remembered for "A Knight's Tale."
Jonathan
#30 What happens if you press both at the same time? Do you have a chance to get 101 Million??
Shawn
You get a punch in the face, with a chair! That's what you get Jonathan…
Jonathan
Which is the same result as dividing by 0… I get it.
Pussy. You don't lose anything but you have a 50% chance of getting 100 million.
Mike
Or a 100% chance of collecting what, for most, is life changing money. You can feel free to live according to the "How can I make myself look like a tough guy while belittling others?" approach. I'll take the pussy million and live in a pussy mortgage-free home with a couple pussy lien-free cars and a pussy stable financial future.
jim
to be fair, the cost of living varies greatly depending on where you live (let's assume in the US) – as theChive posted a few months ago, $1.5 million will get you a small house in LA (or a nice two bedroom apartment in good parts of manhattan) but a mansion with grounds out in the countryside. $1 million is nice, don't get me wrong, but especially if it's sitting in the bank collecting half a percent and you have a wife and several kids, that money will start to run dry when it comes time to pay for college, graduate school, and so on
MrStiggy91
True, but assuming that the green has a 50% of giving you nothing, a million bucks is still better than no million bucks no matter where you live.
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Bob
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Levelity
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iheartboobs
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vvv
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weaksauce
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Simon
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Underbaker
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Deadpool
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Joshua
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Katie
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bobsuruncle
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Jack
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Jill
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Salt
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videologic
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bsitz
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bsitz
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http://www.facebook.com/richardjohnhudson Richard Hudson
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Walter White
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Bubba
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crazydog
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kj018
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Jeff
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Green Mountain Bot
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zTom
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https://www.facebook.com/stephen.hoemke Stephen Hoemke
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http://www.facebook.com/zeb.westrom Zeb Westrom
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trl87
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Ethix_
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trl87
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BobTheWeasel
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TTT
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trl87
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trl87
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http://astros.com Ben
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Corrector
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Idius
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Name
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Really?
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Mike D
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Timothy Geithner
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Obama
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Underbaker
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Timothy Geithner
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Swiss banker
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Oli
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mzf
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KoolAid
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patov40
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Outta my league
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Josh
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>Josh
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Chris_ninety1
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Alex
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Derp
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fchezenko
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Dr_StrangePants
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Random Black Guy
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Fat White Chic
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TimmyTomga
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Still_Counts
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……..
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Brian
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Mattman
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mali_sapun
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Haga
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penguin slayer
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Fuhrer D
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adonisallan
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videologic
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http://www.facebook.com/teeteegonzales Tanya Gonzales
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just asking?
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Kristen
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adonisallan
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Dark Ronnie
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guest
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http://www.facebook.com/carpenterevan Evan Carpenter
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Rick
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USA
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jchenabc
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fuetcrr
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Ralphie
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Dr_StrangePants
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The Game
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Kozy
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duh
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sp0ticus
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???
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etcrr
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windowlicker
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Bill57
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MatFrat
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benbobbins
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Jojo
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vegasnites
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Chris
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JSIGS
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http://twitter.com/cvine08 @cvine08
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MIKEG01sf
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sp0ticus
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HatBomb
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thebigbangdito
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spicticus
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mikeltn
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a-nom
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Oli
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nick
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B Dub
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etcrr
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Bill57
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windowlicker
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Rollout25
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http://twitter.com/DrDrai1122 @DrDrai1122
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RealZoo
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Jezza67
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http://twitter.com/JustinYnolds @JustinYnolds
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DumbPhone
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a-nom
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Henry
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http://www.facebook.com/TheTansley Sean Tansley
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JustbinK
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USA
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http://twitter.com/DrDrai1122 @DrDrai1122
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Powshredder
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Rufus
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Jonathan
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Shawn
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Jonathan
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https://www.facebook.com/Justbad311 Justin Rutherford
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l/latt
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http://twitter.com/DrDrai1122 @DrDrai1122
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Mike
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jim
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MrStiggy91
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weaksauce
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