facebookGetting $100,000 for sure or 50% chance of getting $10,000,000 and 50% chance of nothing? - Seedly

Anonymous

10 Nov 2020

Random

Getting $100,000 for sure or 50% chance of getting $10,000,000 and 50% chance of nothing?

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Elijah Lee

10 Nov 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

Expected chance of the 2nd option is $5 million, which far outstrips $100K. It's just maths.

You should probably word it as 1% chance of $10 M and 99% chance of nothing.

I'd take the latter.

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