Tilted Forum Project Discussion Community - View Single Post - How many of you are risk-adverse?

Redlemon · 05-25-2007, 06:13 AM

Statistics says take the chance: the "expected value" of the gamble is $250 versus the guaranteed $200. However, I'd still go with the guaranteed money. I'm extraordinarily risk-adverse.

Quasi: Your proposed bet would have an expected value of -$2,000; I don't think anyone would take that bet.

05-25-2007, 06:13 AM	#9 (permalink)
Redlemon Devoted Donor Location: New England	Statistics says take the chance: the "expected value" of the gamble is $250 versus the guaranteed $200. However, I'd still go with the guaranteed money. I'm extraordinarily risk-adverse. Quasi: Your proposed bet would have an expected value of -$2,000; I don't think anyone would take that bet. __________________ I can't read your signature. Sorry.