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Weighing risk vs reward is a major part of finance. However, it is also tied to your personality, Imagine I made you an offer: Flip
Weighing risk vs reward is a major part of finance. However, it is also tied to your personality,
Imagine I made you an offer: Flip the coin below 3 times...then
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if you get 1 bear or more in the results I will double your money
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if you get 2 bear or more in the results I will increase your money 10x
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if you get exactly three bears (so 100% results is a bear) I will increase your money 100x
You can only choose one above, but you can bet any amount of money you want.
Which would you select and how much would you risk? Explain your answer
Weighing risk vs reward is a major part of finance. However, it is also tied to your personality,
Imagine I made you an offer: Flip the coin below 3 times...then
-
if you get 1 bear or more in the results I will double your money
-
if you get 2 bear or more in the results I will increase your money 10x
-
if you get exactly three bears (so 100% results is a bear) I will increase your money 100x
You can only choose one above, but you can bet any amount of money you want.
Which would you select and how much would you risk? Explain your answer
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