If you were offered your choice of $5,000 for sure put right in your hand, or one roll of a pair of dice to win $100,000, if what you called comes up, which would you choose?
tncdel
2013/02/14 13:02:36
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26 votes
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5 votes
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If I had no job, would I turn down a good job offer, because I had an interview for a much better one, later that day?
It's a poorly worded question anyway. If I roll the two dice, what combination do I have to roll to get the $100,000?
Let's suppose I just have to roll a number 6 say. That's an 11 to 36 chance, not bad.
But if I have to roll a double, not so good. That's only a 1 in 6 chance.
And if I have to roll a combination that totals 7? Again, only 1 in 6.
But if I have to roll a total of 7 or more, that's a promising 21 in 36 chance - excellent, I'd definitely take that for $100,000.
So you just total the two dice yeah? If that's the case, I certainly wouldn't be calling 9 - that only has a 4 in 36 chance of coming up.
The best bet is 7 as that's a 6 in 36 chance - and I'd still go for the $100,000
My reasoning being, I'm outlaying the $5,000 I could have had, for the chance of winning 20x more ($100,000). But my odds of winning are 6 to 1.
That's a pretty reasonable gamble, so long as I can afford to lose the $5,000 I didn't have in the first place.
Given that my knowledge of rolling dice as a means of gambling is nil, "calling" something could mean that I call a pair (two sixes say) or an odd number and an even one, or a combined total over 7 etc.
Anyway, I explained my choice above. Cheers.
Would I turn down a job offer, because I had an interview for a much better job, later that day?