@mainstreetwolf: A quick lesson in expected value #investing #expectedvalue #risk #portfolio #stocks #crypto #psychology

Main Street Wolf
Main Street Wolf
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Region: US
Tuesday 15 October 2019 02:43:15 GMT
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thatlebaneseguy
ItsUrBoiChar :
wait I'm that guy that will go for the 1% chance to win 1000
2019-10-19 03:01:10
173
miltonchan8
Milton Chan :
Well there is math to it: play less than 100 times for instance. The $20 bet is more likely to be the winner
2019-10-15 05:11:57
62
nick.lucas56
Nick :
Either way I'll walk out with 0$
2019-10-26 05:10:30
62
monorail425
monorail :
It depends on the cost to put yourself into contest
2019-10-15 05:29:58
34
kyletieman
Kyle Tieman :
It’s literally the same risk lmao
2019-10-15 05:16:41
27
nxsdaq
tyler :
Y’all are going home empty handed and I got $20
2019-10-15 04:20:32
8
mister_miracle07
user1338423178025 :
if there's even a 1% chance to make it $1,000 and I will take it down to absolute certainty..
2019-10-17 22:23:04
23
madiemutt01
Madie 💅 :
Think abt it if u play 100 games u make the same amount of money
2019-10-15 22:18:46
2
quietspy7499381
Brayden_Chapman :
Get 100 people and say you split it 50/50 with the person who wins and say it’s because you hooked them up
2019-10-15 05:25:48
4
devinwright68
Devin Wright :
50% to win 20
2019-10-15 22:39:09
32
jensonthegoat
jenson :
%1 because $20 is nothing
2019-10-15 03:20:29
8
jmahoney10
jacob :
easily 1% to win a thousand
2019-10-15 03:19:33
4
kervinenjesse
🥊🏃‍♂️🇫🇮 :
Even if the stakes were 100 times bigger, that is 50% 2 000 € and 1% 1 000 000 I would choose 1% 1 000 000
2019-10-17 14:22:20
3
ofhkxfzrtzbxxhh
ofhkxfzrtzbxxhh :
Wow..super excellent act my dear friend 🤗🤗👏👏👏👏👏👏👏👏👏👏👏👏👍👍👍👍👍👍👍👍👍👍⚘⚘⚘⚘⚘⚘⚘⚘⚘⚘⚘⚘
2019-10-15 07:56:03
3
userh0rr5tgf6v
user15083006721 :
Guess u failed school
2019-10-15 22:04:04
4
dbfndnbshsjfbf
user4048319281745 :
I would take a risk because I can’t do anything with 20$
2019-10-15 22:46:51
4
jacob.justus
Jacob :
U should have said 1% change to make 100,000
2019-10-15 10:25:55
3
treeeeevot
Trevor :
50%
2019-10-15 23:03:05
3
cjs_1
CJ Schaefer :
There equal because 1 percent of 1000 is 10 and 50 percent of 20 is 10
2019-10-16 02:20:15
3
user_35295729582
user_35295729582 :
Ill take the third option. 0.001% chance to win $1m.
2019-11-06 11:36:45
2
miltonchan8
Milton Chan :
One IS mathematically better!
2019-10-15 06:28:38
3
vrfarg
lakshooo :
20$
2019-10-15 16:16:29
3
conallbrw
Conall :
$20 is like what €15 or something. It’ll do me for lunch so I’m ok with that
2019-10-17 20:33:10
1
ryan.nng
ryan :
20
2019-10-19 02:53:03
3
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