[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 38 KB, 1204x1188, 1597587258857.png [View same] [iqdb] [saucenao] [google]
21602502 No.21602502 [Reply] [Original]

If your only 2 choices were to settle for 1.5m after taxes or 3.5m after taxes but the 1.5m was a 99% chance and the 3.5m was a 88% chance, which offer would you take?

>> No.21602545

>>21602502
also, this is assuming you can't re-invest it into any crypto

>> No.21602597

>>21602502
1.5m

>> No.21602646
File: 186 KB, 897x1121, 1597779723549.jpg [View same] [iqdb] [saucenao] [google]
21602646

>>21602502
whats a taxes?
https://www.youtube.com/watch?v=MIyBFNjc1kY
monke needs to know

>> No.21602681

>>21602502
99% chance for life-changing money obviously, good lord OP

>> No.21602696

>>21602646
taxes what drive u to location yellow car,,

>> No.21602728
File: 899 KB, 320x180, BM2.gif [View same] [iqdb] [saucenao] [google]
21602728

>>21602502
take the million you fucking retard.

>> No.21602783

>>21602502
i would rather take the 99% chance. you will kys if you decide for the other one and lose it all.

>> No.21603254

>>21602502
1.5m.

99% chance I get it. If I do it's life on easy mode from the point forward.

>> No.21603290

>>21602545
Lol no interest in crypto. It'd be stocks and businesses. Or is that against the rules?

>> No.21603350

>>21602502
easy

3.5m

>> No.21603399

its very easy to double your money, so 1.5

>> No.21603451

1.5m * 0.99 = 1.485

3.5m * 0.88 = 3.08

>> No.21603724

It's not just about the expected dollar amount, because there is also the diminishing marginal value of money. If you give $10000 to someone who totally broke, it would be life changing, but if you give $10000 to someone worth $100 Million they would barely notice. Each dollar you have makes every subsequent dollar you receive less valuable.