Weekend Poll


Update: This question comes from the work of Daniel Kahneman and Amos Tversky, though I changed the amounts in order to experiment.
By pure rules of expected return, people should to take the 50-50 bet for $3000. Although that’s what most folks said, there’s still a significant percentage that chose the guaranteed $1,000. Incidentally, I don’t blame anyone for taking the $1,000. It really comes down to each individual’s risk tolerance.

Posted by on April 3rd, 2009 at 8:00 pm


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