Deal or no deal

[Krill]

Hit a sore spot did I? I'm so sorry, let me rub that better for you.

[Provost Harrison]

I have no idea what your problem is, that is all...

[Docfeelgood]

What is behind door number three?

[Docfeelgood]

Hit a sore spot did I? I'm so sorry, let me rub that better for you.

I see you like rubbing other men also.

[Krill]

Meh, Asher has already said his Gaydar either can't get a read on me or thinks I'm bisexual and both top and bottom.

[giblets]

You are in a gameshow where you have a box. The box contains one of the following amounts:

$10
$50
$1,000
$5,000
$250,000

You can either open your box and collect the money, or "sell" the box.

What is the minimum amount you would accept for your box?

$40,000

A principal thought in my mind when asking the question is how much the spread of possible results effects your choice. Is the mean a better quantifier, or the median, if so, when? e.g. if the median was higher than the mean, would you want a higher amount.

Say the options were:

$1
$7,000
$8,000
$9,000
$10,000

$7000

[KrazyHorse]

$7000

You should probably run those numbers again...

[giblets]

Good point, the average isn't even that high... maybe $6500 would be better.

[Provost Harrison]

Yeah, a bit...but the question is how much lower are you prepared to go to avoid that risk. The average is a fine idea but if you are not prepared to take the risk then I may go lower...$5000

[MRT144]

I want to vomit stout on all of you pussies.

[MikeH]

48.5k, as KH has done the work for me!

[Provost Harrison]

I want to vomit stout on all of you pussies.

Well kindly don't...it's hell to get the stains out.

[KrazyHorse]

48.5k, as KH has done the work for me!

You have exactly the same risk preferences I do?

[MikeH]

Yes.

I don't really get this game. What's the most someone will offer me for the box? It doesn't matter what I'll sell it for if no-one would offer me that. Isn't it market pressures which determine what my offer will be and therefore what I can get for it?


My "I'll take that" would be somewhere between 40 and 50k I think.

An interesting thought on this is what happens if you turn it on it's head, what would you offer for one of those 5 boxes? I wouldn't offer 40k that I do have for a chance to win 250k but I probably would risk 40k that I don't currently have, but could earn guaranteed, for a chance of winning 250k.