Re: You are heads up at the fina WSOP ME table and pondering a deal...
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if it's Bill Gates then it will be easy to persuade you he doesn't care much about the variance so if you wanted a deal you'd probably have to accept less than your current equity. But against any of the other three you might well get more than your current equity.
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Variance is the key factor here. For most of us this would be a once in a lifetime thing. For most of us, the difference between 2 Mio and 18 Mio is the difference between being financially secured and filthy rich.
Bill Gates would be different. The money would be no difference to him. So I do not think I would be getting less than my current equity, I wouldn't get anything for that reason. If I am lucky, Bill would like to appear generous and then I would maybe get a lot more than my equity.
Sklansky might be risk averse but he is somewhat cocky and would put some value to win the bracelet untainted, e.g. sans deal.
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