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dawg

(10,777 posts)

25. I would take the 50/50 chance.

Sun May 21, 2017, 07:23 PM

May 2017

$1 million is a lot, but lots of people who have that much money nonetheless end up penniless. It would be hard to earn more than $20,000 a year in interest on that amount, and if you were to draw your principal down by $50,000 a year - in 20 years it would be gone.

On the other hand, $100 million would be a transformative amount - not just for me, but for most of the people who are close to me as well.

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There's two boxes in front of you. One with $1 million. The other a 50/50 chance at $100 million [View all] NightWatcher May 2017 OP

Being a person living penny to penny I of course choose kacekwl May 2017 #1

With my health I would choose the million, it would go a long way to help my medical situation. redstatebluegirl May 2017 #2

so whats the other 50% made up of? samnsara May 2017 #3

One box is either empty or has 100 million, while the other has a guaranteed $1 million NightWatcher May 2017 #6

$1,000,000... bird in the hand discntnt_irny_srcsm May 2017 #4

I'm not greedy Phoenix61 May 2017 #5

I sell my opportunity to choose to a multimillionaire for $20 million. Salviati May 2017 #7

Oooh good thinking Hassin Bin Sober May 2017 #11

That's the right answer FBaggins May 2017 #27

I would think $20 million is about right Volstagg May 2017 #35

That's really a question of risk appetite FBaggins May 2017 #36

I'd hand the whole package over to the the American Cancer Society DFW May 2017 #8

I would take the $1 million. I sometimes worry about having Tanuki May 2017 #9

A million dollars is more than enough to be comfortable for life. femmedem May 2017 #10

Mom , me & the cats would be very comfortable on 1 million. nt irisblue May 2017 #12

50/50 chance at 100 million or nothing? sakabatou May 2017 #13

Could you live with yourself if you took the chance on the $100M exboyfil May 2017 #14

The real question is: Could you live having given up a sure million and won nothing? WinkyDink May 2017 #16

So what would be your number exboyfil May 2017 #17

I used to watch "Deal or No Deal" with my mother, always marvellng at the greed on display! People WinkyDink May 2017 #21

Keep in mind that when people are given "free" money NobodyHere May 2017 #23

The sure thing. WinkyDink May 2017 #15

No contest-- $1 million is way more than enough ailsagirl May 2017 #18

Yeah, I'm 60 and would live quite comfortably on $1M TexasBushwhacker May 2017 #19

Yep!! ailsagirl May 2017 #20

One million is quite sufficient to my requirements. malthaussen May 2017 #22

If I were a Republican, I'd take the 50/50 chance, and if I came up empty... Yavin4 May 2017 #24

I would take the 50/50 chance. dawg May 2017 #25

Good answer. For me it'd be a tough choice NightWatcher May 2017 #26

I live on less then $20,000 a year now. Kaleva May 2017 #29

My situation is a little weird. I have four other adults ... dawg May 2017 #31

Yes, everone has a diiferant situation. Kaleva May 2017 #32

You could get $30,000/year from 30 yr Treasuries A HERETIC I AM May 2017 #33

I would take the $1 million DuckBurp May 2017 #28

I'm 70 and in poor health left-of-center2012 May 2017 #30

I would take the 50/50 chance at $100 million. IrishEyes May 2017 #34

I don't need a hundred mil. And I don't need nothin'. Iggo May 2017 #37

Did I miss my chance for the ourang-outan head in the box? Orrex May 2017 #38

Is there tax on it? n/t MosheFeingold May 2017 #39

Not even close Awsi Dooger May 2017 #40