Author Topic: $1,000,000 or $100,000,000?  (Read 6816 times)

I don't know what kind of math you are using. Even if you had 10 people in one group and only one were to win the 100 million, it would be divided over 10 people and each person would get 10 million, which is still more than the 1 million you will get if you press the red button.
There's nothing wrong with the math, 1/2 the people won 100,000,000 so everybody in the 6 person scenario gets $50,000,000

There'd be a tiny chance of not winning anything, but a decent chance of winning FAR over the origional 100,000,000$
It would be impossible for any 1 person to win anything more than 100m. It's simple math.

There's nothing wrong with the math, 1/2 the people won 100,000,000 so everybody in the 6 person scenario gets $50,000,000

Err, I meant logic, not math.

It would be impossible for any 1 person to win anything more than 100m. It's simple math.
I think he meant over 1,000,000
and yes the chances of getting 1,000,000 in a group of 100 are 2^99 or some crazy shtuff


The foremost issue with my strategy is that the people in the group have to be legally bound, because money tends to corrupt in a big way, so if somebody won they'd be much happier to stick with their 100,000,000 than give it to the group and receive a portion close to half. If this happened then mostly the losers would remain in the group and the money distributed would be scarce to none.

I win a coin toss like 75% of the time so I'd go for the 100 mil

i'm doing fine in life right now without any millions of dollars.
i would hit the $100,000,000.

I am often spectacularly unlucky so I don't take chances

100 m.  If I don't get it, no loss.

I would use the 1 million dollars to construct cyborgs who would keep pressing the 100 million button.

$1,000,000 Instantly so that half would go to charity and the rest for me. Plus if XCOM has told me anything, it's that 50% isn't a good enough chance.

1mil
then invest in companies for more

I'd make a pact with the below user where we would both press the 100 mil button, and if only one of us won, we would split it 50mil/50mil.
Hell, let's make a pool of 100 people doing the same thing, and as long as more than one person wins it is better than taking the 1 mil.

Less risk, less reward, that is how economics works.
« Last Edit: July 21, 2013, 06:07:52 PM by Nexus »

I'd make a pact with the below user where we would both press the 100 mil button, and if only one of us won, we would split it 50mil/50mil.
Hell, let's make a pool of 100 people doing the same thing, and as long as more than one person wins it is better than taking the 1 mil.

Less risk, less reward, that is how economics works.
beatcha to it buddeh

Yeah, you got $50,000,000 rather than $1,000,000
How is that a bad thing?
He means that it would be a bad deal for those who won the $100,000,000 in that group because then they would have to share rather than keeping it all

However for anybody else or for those people thinking of playing it safe, being in a group would still be a much better option

A 100% chance of getting 50mill or a 50% chance of getting 100, it's like the first choice but 50x better on the definite side.

That is not how probability works. With X people, you have a chance of winning nothing equal to (0.5)^X.

So with twelve people, you still have a 0.0244% chance of winning nothing. Not a very high chance of losing, sure - but not 100% by any means.

Team Size   Probability of Winning Nothing
0100.0%
150.00%
225.00%
312.50%
46.250%
53.125%
61.563%
70.781%
80.391%
90.195%
100.098%
110.049%
120.024%