ility but makes you lose $10,000 with 0.01% probability?
Voteility but makes you lose $10,000 with 0.01% probability? - Results (31 votes)061.29% (19 votes)191-106.45% (2 votes)211-500% (0 votes)051-2003.23% (1 vote)1201-4993.23% (1 vote)1500+25.81% (8 votes)8How many times would you push a button that makes you win $1 with 99.9% probability but makes you lose $10,000 with 0.01% probability?
The expected value is .999*1+.001*(-10000), = -9. You expect to lose $9 every time you push the button. This could be a fun casino game.