A 100% chance at $1 million or a 50% chance at $1 billion?

[QUOTE="Lostboy1224"]but I want the million to be presented in Gold Bar form. Pirate700

I would take the $million because I'm not rich or stupid, or both. The feeling of losing the 50/50 and not getting anything would feel worse.

[QUOTE="BossPerson"][QUOTE="DJ419"]

A million isn't going to last me through to my retirement, I'll take the 50/50 on a billion.

Pirate700

Look at it this way, your choosing between living a dull life stretching out a million dollars for 30+ years. Which would basically be the same as not getting anything. Or you could take a 50/50 chance at winning enough money to where you could live every dream you could ever imagine and never have to worry about money again. That is a no brainer. "spend it properly", give me a break, what an exciting life it would be to live off of a million dollars for 30 years. The only difference between a part time job with a million dollars is I wouldn't need a roommate.

Ill take the 1 mill thanks. Couldn't spend 1 bill in a lifetime i reackon.

[QUOTE="Pirate700"]

[QUOTE="BossPerson"]It could if you spend it properly. DJ419

Look at it this way, your choosing between living a dull life stretching out a million dollars for 30+ years. Which would basically be the same as not getting anything. Or you could take a 50/50 chance at winning enough money to where you could live every dream you could ever imagine and never have to worry about money again. That is a no brainer. "spend it properly", give me a break, what an exciting life it would be to live off of a million dollars for 30 years. The only difference between a part time job with a million dollars is I wouldn't need a roommate.

I'm gonna be boring and say 1 million.

[QUOTE="CrocodileNuts"][QUOTE="Pirate700"]

The 100% at a million, assuming it's tax free.

Pirate700

With my luck I wouldn't get the billion. So I'll take the 100% at one million.

The million. Expectation value of money gained is lower but expectation value of utility gained is higher.Funky_Llama

E-C-C-C-NOMICS NOMICS NOMICS

i am shocked at how many people are not taking the 50/50 billion choiceNEWMAHAY

I'll take the $1 million.

I'd take the million. No need to be greedy and possibly end up with nothing when all I really want is a comfortable life.

A million and I would be happy for life.

id take the 50% chance at a billion. A million is nice but not enough imo. I would want to be set for life with that being at least 100k per year. so id go for 50% at a bill and your chances are pretty good. If not oh well no major loss a mill can go real quick like anyway.

[QUOTE="Pirate700"]

[QUOTE="BossPerson"]It could if you spend it properly. DJ419

Look at it this way, your choosing between living a dull life stretching out a million dollars for 30+ years. Which would basically be the same as not getting anything. Or you could take a 50/50 chance at winning enough money to where you could live every dream you could ever imagine and never have to worry about money again. That is a no brainer. "spend it properly", give me a break, what an exciting life it would be to live off of a million dollars for 30 years. The only difference between a part time job with a million dollars is I wouldn't need a roommate.

Wait so getting $1,000,000.00 means I'm automatically quitting my day job? Over a 30 year period you can turn 1,000,000 into 17+million with compound interest, yes it's not one billion dollars but it is a large enough to not need to worry about money, AND it's relatively risk free.

[QUOTE="DJ419"]

[QUOTE="Pirate700"]It easily can. Just don't spend the million like you have a billion. At worst all you'd need is a little part time job a couple times a week.

Zlurodirom

Look at it this way, your choosing between living a dull life stretching out a million dollars for 30+ years. Which would basically be the same as not getting anything. Or you could take a 50/50 chance at winning enough money to where you could live every dream you could ever imagine and never have to worry about money again. That is a no brainer. "spend it properly", give me a break, what an exciting life it would be to live off of a million dollars for 30 years. The only difference between a part time job with a million dollars is I wouldn't need a roommate.

Wait so getting $1,000,000.00 means I'm automatically quitting my day job? Over a 30 year period you can turn 1,000,000 into 17+million with compound interest, yes it's not one billion dollars but it is a large enough to not need to worry about money, AND it's relatively risk free.

That's exactly my point. At this day and age, 1 million dollars isn't life changing anymore. Just because I suddenly won a million dollars, doesn't mean I can now live the rest of my life comfortably. (At least, not what I would consider comfortable)

Probably take the million. I can work with a million and make it last pretty much for the rest of my life. I'd buy property and invest and profit from it eventually. A billion is tempting but not getting it would be reeeeeal bad.

Besides, past a certain point, having more money really doesn't do anything for your happiness level or anything like that. I'd be more than happy with a free million dollars and I could live off it realistically for the rest of my life and benefit my friends and family in the process.

The million. It would help me out a lot. A 50% chance is too low for my luck, and I would feel so horrible if I lost out.

id take the million. id be set for life. get just the essentials and live a nice simple life.

id rather have a guaranteed million, then have a half and half shot at a billion.

I'd like to think that unless I was in an absolutely desperate situation I'd go for the billion. I am actually not a risky person, and if it was something like $1 million or $5 million I'd go w/ the 100% on $1 million, but at 50/50 the odds aren't against you, and a billion is so so so much more than a million, honestly in today's society a million isn't eventhatmuch.

id take the million. id be set for life. get just the essentials and live a nice simple life.

id rather have a guaranteed million, then have a half and half shot at a billion.

konvikt_17

really a mil for the rest of your life. What you gonna spend like only 20k a year? Im surprised at how many are going for the mil. Its actually a small amount of money in the grand scheme of things.

The 100% at a million, assuming it's tax free.

Pirate700

yeah that would help, otherwise you are only getting just over $500,000

[QUOTE="foxhound_fox"][QUOTE="jesuschristmonk"]Guaranteed 1mil is 100x better than having only a 50% chance to get 1bil lol.jesuschristmonk

A billion changes your life, a million makes it easier.

[QUOTE="konvikt_17"]

id take the million. id be set for life. get just the essentials and live a nice simple life.

id rather have a guaranteed million, then have a half and half shot at a billion.

Gen007

really a mil for the rest of your life. What you gonna spend like only 20k a year? Im surprised at how many are going for the mil. Its actually a small amount of money in the grand scheme of things.

interest, my man.

you guys are pansies!

1 BILLION!!!

*loses*

:cry:

Maybe I'm being naive, but I just feel like, there really is no way I'm going to ever live the life of a billionaire, having a billion dollars opens doors to opportunities, places, people, and worlds that are completely different from those of the normal population.

Again, maybe I'm being naive, but I feel like there is a pretty decent chance that with my ambition and drive I could eventually earn a fairly decent amount of money on my own that would atleast rival a million dollars, and in a sense live a pretty similar lifestyle. I mean I suppose I'd be working so there is that, but without smart and lucky investments you'll have to work after winning the $1 million anyway.

Maybe when I'm older my outlook will change, but it seems logical to me atm.

A million. No need to be greedy and risk financial security.chrisrooR

A million dollars isn't cool. You know whats cool...a billion dollars.

[QUOTE="Zlurodirom"]

[QUOTE="DJ419"]

Look at it this way, your choosing between living a dull life stretching out a million dollars for 30+ years. Which would basically be the same as not getting anything. Or you could take a 50/50 chance at winning enough money to where you could live every dream you could ever imagine and never have to worry about money again. That is a no brainer. "spend it properly", give me a break, what an exciting life it would be to live off of a million dollars for 30 years. The only difference between a part time job with a million dollars is I wouldn't need a roommate.

DJ419

Wait so getting $1,000,000.00 means I'm automatically quitting my day job? Over a 30 year period you can turn 1,000,000 into 17+million with compound interest, yes it's not one billion dollars but it is a large enough to not need to worry about money, AND it's relatively risk free.

That's exactly my point. At this day and age, 1 million dollars isn't life changing anymore. Just because I suddenly won a million dollars, doesn't mean I can now live the rest of my life comfortably. (At least, not what I would consider comfortable)

Winning a million dollars means if you are smart you will likely never need to worry about money again, do you know what kind of security and happiness that would create for almost anyone on the planet? I know it doesn't mean amazingly comfortable, but 99% of the people in the US would lead a more comfortable life. What kind of life are you envisioning that you need a billion dollars to live comfortably?..

I'd rather hav ethe million than lose the billion and wonder "what if?" for the rest of my life.

Legendaryscmt

Maybe I'm being naive, but I just feel like, there really is no way I'm going to ever live the life of a billionaire, having a billion dollars opens doors to opportunities, places, people, and worlds that are completely different from those of the normal population.

Again, maybe I'm being naive, but I feel like there is a pretty decent chance that with my ambition and drive I could eventually earn a fairly decent amount of money on my own that would atleast rival a million dollars, and in a sense live a pretty similar lifestyle. I mean I suppose I'd be working so there is that, but without smart and lucky investments you'll have to work after winning the $1 million anyway.

Maybe when I'm older my outlook will change, but it seems logical to me atm.

TacticalDesire

Are there specific experiences you are looking for? Billionaires do not have higher happiness levels than the average person, wealth does not equal happiness. The million dollars would buy assurance, something that can be invaluable for many, why does this not please you?

Earning a million dollars over a lifetime does not= getting a lump sum million dollars. A million dollars is plenty to spend, save, and invest. Is there some lavish lifestyle you are wishing you had that you do not? Even billionaires work, it can get boring if you no longer have a job or purpose.

If you really wanted to you could live off dividends of $1 million and not work.