Re: Do you take the coin-flip?
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I'm literally shocked by how many people would fold in this impossible situation.
If the point of the question is to get people to think about how risk averse/risk loving they may be, I've got a better hypothetical.
I offer you 300K on a coinflip. Heads you win, tails you lose. OR, I'll give 75K right now for nothing. You forfeit your right to the 75k if you take the coin flip. Do you flip the coin?
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I absolutely take the 75k, at this moment in my life. But that's only because I have very little money (being a college student). Ask me when I'm 30 and theoretically have some money in the bank and what not and I'm taking the flop.
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