General Chat / Which would you take?
- 18-August 05
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Atlus Offline
This is a topic I think might provoke interesting discussions...
I'm not sure how big lottery jackpots are in the USA, but in the UK, they are like £17,000,000 or something ridiculous like that.
Anyway for me, I'd take the £1,000,000 since that's probably all the money I'd every need anyway. -
tracidEdge Offline
The money because then at least you're guaranteed to get it.
You could get 500,000 lottery tickets, but it could be that 500,001st one that has the jackpot. -
trav Offline
^But, most of the time (well, my family anyway), you almost always get at least a tenner, 10x500,000 is five times more than 1,000,000.
And there is going to be one ticket that will at least get you 250 as well. -
inVersed Offline
Yeah here in USA the lotter can be $100,000,000+
But I would take the money definitely. -
Steve Offline
yeah. with 500 thousand lottery tickets your probably guarenteed a big win. you'll get smaller amounts in between, even. but this topic is silly, because you made one million dollars an option; everyone would choose that! you're promised to get the money and it's all you'll ever need anyway. -
Born again rct-er Offline
Definetely the 500,000
I would love sitting there finding out how much I had won, just a buzzy feeling -
Evil WME Offline
but that isn't far, metal..
It should be in a 'fairer' amount, and the topic should have just been "why the hell are those prizes so fucking high!" Well, partly it's good since more will see charity? I dunno. The bigger the prize the bigger the sensation!
People really take money chances weirdly. For instance (this is from some article, not mine..)
You make 50 dollars a day, working 8 hours for it. Your boss sets you down, and shows you an envelop. 'Here's your day's pay, as always... but...', he says, and offers you to flip a coin. Heads gives you a hundred and tails gives you nothing.
Most people will take the hard earned 50 dollars in this setting.... yet, a few weeks later..
The same boss sets you down, and says, 'you've been doing some great work, i'm giving you a bonus!' He then tells you heads gives you a hundred dollars and tails nothing. You can also take a safe route out and take 50 extra dollars home.
People are much more likely to take the chance, while it's the exact same chance, in this situation. You have 50 dollars and you're able to make that into a 100. The only difference being the 8 hours before it working for it or not.
Kinda ties in with the lottery. Especially those little amounts often go to little outings or whatever, while it objectively doesn't really matter if you use 250 won euros or 250 euros from working hard overtime. -
penguinBOB Offline
People gamble all the time with the stock market... I'd take the $1,800,000 and invest most of it in a diversified portfolio and watch it grow over the 4-6 years I'm in college and stuff. -
Jellybones Offline
Me, on the other hand, I'd buy a nice house. Not too nice though. Don't want to blow all the money. Need to save some so I can buy a Ferrari.
Then hopefully, I crash the Ferrari and die before I end up in debt. -
penguinBOB Offline
buying a house and living in it for 10 or 20 years would work too, hmm.. might have to re-think this. -
Jellybones Offline
Don't kid yourself with this "Oh I'd put it in a diversified portfolio" bullshit.
What the fuck are you, some kind of Jew. Let's be serious here. -
Blitz Offline
Nah, I agree. I'd definitely put it into mutual funds of some sort.
Eventually, living off the interest created by a huge sum of money is the goal here. -
penguinBOB Offline
No, I'm serious. I got this money stuff down. I've got some saved for retirement already.Don't kid yourself with this "Oh I'd put it in a diversified portfolio" bullshit.
What the fuck are you, some kind of Jew. Let's be serious here.
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