How much is enough?
Would you rather win a guaranteed £100,000, or have a fifty fifty chance of winning a million pounds on the spin of a coin? |
You're waiting for the bus one day when an eccentric billionaire approaches you and offers you £100,000. He opens his briefcase containing the cash, so you can see the offer is genuine.
However, he then offers you a gamble... You can either take the £100,000 there and then, and the money will be yours to keep, or you can risk it all on the spin of a coin for the chance of even more cash. If you guess heads or tails correctly, the eccentric billionaire will instead give you a million pounds! However, if you guess wrong then you lose everything and walk away with nothing. Not even your bus fare home!
So that's the dilemma. What would you do? Would you take the £100,000, or would you risk it all on the spin of a coin for the chance of a million pounds?
Any readers who can remember the old TV show Bullseye will recognise that this week's 'Would You Rather?' dilemma is basically a more extreme version of the end of show dilemma faced by each week's winners, whereby they could risk their smaller prizes for the chance of winning the star prize.
The star prize varied from week to week, and as a general rule, if the contestants were unsuccessful and they lost, the screen would go back to reveal that they could have won a car. However, if they were successful and they actually won the star prize, the screen would go back to reveal that, rather suspiciously, this week the star prize was not a car but a speedboat.
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