A life gamble
Imagine you have a 20 year life savings of 100,000 dollars to your name and willingly agreed to spend any portion of it in a bet. Knowing you had a 50 percent chance of winning and would be paid 10 times the amount of your bet if you won, what fraction of that 100,000 would you be willing to wager?
| 1/4 | 14 | |
| 3/4 | 4 | |
| All baby! | 1 | |
| 1/2 | 5 |