Investing "What determines a good bet" ?
Suppose that out of the kindness of my heart, I give you 100 dollars, and then say I'm going to let you toss the coin and
If it comes up heads, you give me back that $100.
If it comes up tails, you get to keep that $100 I gave you, plus X, some amount of additional money.
What would X have to be in order for you to take that bet?
- Harley LadyLv 72 months ago
If you gave me the $100, I would keep it and walk away unless you made the odds double($200) or nothing!
- Anonymous2 months ago
The odds of getting a heads or tails is 50/50 while the odds of me engaging in this pointless game is 0%.
- susanLv 72 months ago
If you, a stranger, approached me and offered this bet, I would feel suspicious of your motives, and repelled by you as a person, and so I would do or say whatever it takes to put distance between me and you and end the conversation in the most efficient way possible.