Poll

which would someone choose out of:

1 in 10 chance of winning $3
3 in 10 chance of winning $1

Author Topic: Poll: Chance of reward and reward amount relationship  (Read 366 times)

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n224457763

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Poll: Chance of reward and reward amount relationship
« on: October 14, 2010, 06:16:35 PM »
If a person is presented with two options:
1) You can win $3 with a chance of 1 out of 10
2) You can win $1 with  a chance of 3 out of 10
What option would an average person pick?

Thanks,


SWM

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Re:Poll: Chance of reward and reward amount relationship
« Reply #1 on: October 14, 2010, 09:43:42 PM »
i added a poll for people to make their choice.

i choose $3 because it is more of a reward. $1 is not really enough to worry about. if the rewards were $100 and $300 with same odds i would probably make the opposite choice.
The so-called miraculous powers of a great master are a natural accompaniment to his exact understanding of subtle laws that operate in the inner cosmos of consciousness.

NataEames

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Re: Poll: Chance of reward and reward amount relationship
« Reply #2 on: October 15, 2010, 04:32:23 AM »
Took the 1 in 10

I like a challenge

 

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