You may only press one...

**RING4CY** · 07-15-2012, 09:52 PM

Originally Posted by 3TrueFans

Wouldn't you technically be losing $1mil if you pressed green and lost? Assuming there's nothing stopping you from pressing red and getting the money isn't it yours already?

No. Unless I have physically what is mine in my possession, I have nothing.

I could have a piece a paper saying I have one million dollars coming to me, but until I actually have the million dollars in my possession, I don't have one million dollars.

**jdoggivjc** · 07-15-2012, 10:24 PM

Originally Posted by HGPuck

The average person who wins a million dollars would use it almost exclusively to help themselves and their family. Exactly like you say you would or like how I would. Some would give a significant portion away but they are in the minority.

However, the average person who wins a hundred million dollars would likely give a significant portion away to charities or other people they wanted to help. I know I would and I bet you would to. Some would spend it all in either case and some would give the same percentage away in either case.

But my point is on average a higher percentage of the one hundred million would be given away to good causes than the one million.

That's a pretty big assumption there. I would think the average person would probably use it almost exclusively to help themselves and their family, just like the person that won only $1 million.

**Cyclonesince78** · 07-15-2012, 10:36 PM

1. Taking care of family
2. Giving to Charity

Worry about #1 first, and then do what you can with #2. Will never risk #1, in order to have a chance at #2. Sorry, someone had to say it.

**GrindingAway** · 07-15-2012, 10:37 PM

Originally Posted by 3TrueFans

Wouldn't you technically be losing $1mil if you pressed green and lost? Assuming there's nothing stopping you from pressing red and getting the money isn't it yours already?

No you are actually losing $49 million is you press red. The expected value of pressing red is obviously $1M. The expected value of green is $100M *0.5 = $50M.

You should take the highest expected value unless there is some kind of "bankroll consideration" that would prevent you from doing it.

Me personally I'd take green. $1M would be pretty sweet, but not totally life changing for me. So I'd take the highest EV.

If I was in college or working for min wage. I'd probably take red.

If you upped the buttons to $100M for red and $1B for green then I'd take red.

If you maybe it $1 for red and $100 for green I bet everyone would take green.

It all depends where your personal threshold is.

**letsCYber** · 07-15-2012, 10:40 PM

Antoine Walker would choose green, win it, and then lose it all in Vegas.

**3TrueFans** · 07-15-2012, 10:43 PM

Originally Posted by RING4CY

No. Unless I have physically what is mine in my possession, I have nothing.

I could have a piece a paper saying I have one million dollars coming to me, but until I actually have the million dollars in my possession, I don't have one million dollars.

The point of the hypothetical is the $1mil is 100% guaranteed though.

**ISUCubswin** · 07-15-2012, 11:06 PM

Button three: Samantha Steele

**HGPuck** · 07-15-2012, 11:16 PM

Originally Posted by jdoggivjc

That's a pretty big assumption there. I would think the average person would probably use it almost exclusively to help themselves and their family, just like the person that won only $1 million.

In retrospect I think it is probably somewhere between a significant portion not for themselves and almost exclusively for themselves/their family. Which it is closer to I think is up for debate.

But I do think the point remains that a higher percentage of the one hundred thousand would go to non-personal or family use than the one million for the majority of people.

A counter point would be that there would very likely be more "wastage" for the one hundred thousand. Expensive vacations, exotic cars, poor business investments, and the like. Not that there is anything wrong with those things in and of themselves, but a larger percentage would get spent instead of used when compared to the one million likely.

**alarson** · 07-15-2012, 11:26 PM

Easy decision, red. Can always use that million to make more (as the saying goes, the first million is the hardest). Not worth the 50% possibility of nothing if you go with green.

**BallSoHard4Cy** · 07-15-2012, 11:30 PM

Ill press neither, what do I win?

**alarson** · 07-16-2012, 12:27 AM

Originally Posted by BallSoHard4Cy

Ill press neither, what do I win?

In that case:
[ame=http://www.youtube.com/watch?v=M5QGkOGZubQ]You Get Nothing! - YouTube[/ame]

**zwclones51** · 07-16-2012, 12:39 AM

Easily the green one for me. I mean we aren't getting JTS bowled in for a measly million dollars.

**zwclones51** · 07-16-2012, 12:39 AM

Easily the green one for me. I mean we aren't getting JTS bowled in for a measly million dollars.

**josh4isu** · 07-16-2012, 12:40 AM

Originally Posted by ISUCubswin

Button three: Samantha Steele

i like where your heads at. id show the steele some pipe!

**Judoka** · 07-16-2012, 04:52 AM

Originally Posted by jdoggivjc

That's a pretty big assumption there. I would think the average person would probably use it almost exclusively to help themselves and their family, just like the person that won only $1 million.

So what you're telling me is if you won $100 Million you wouldn't be the lead donor on the SEZ project?