however, if I have 3 chances, then the route will be different. I'll pick the 70% for 1 billion first. if I win I'll go directly for 50% for 100 billion, and if I lose I'll try to secure the 90% of 10 million. as for the third choice, if I secure a win then I'll take 50% for 100 billion, but if I lose twice then I'll go for 100% for 1 million.
I'll try to maximize the profit from taking the chances to win. it's probably not a mathematically or statistically true; however, that's the best that I can think of.
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Risk Tolerance vs. Ambition: How to Maximize Profits?
@MillionaireTiger：
Welcome to Thursday Special! Imagine you're standing at the crossroads of a once-in-a-lifetime financial decision. There are six doors before you, each leading to a potential windfall. Which probability will you choose to win money? A. 100% $1 million B. 90% $10 million C. 80% $100 million D. 70% $1 billion E. 60% $10 billion F. 50% $100 billion If you only had one choice, what would it be? The answer may vary, but we guess most people will choose A, and some may bet on F. Now, let's take it a step further. Imagine you have three chances to pick, and your choices are allowed to be repeated. What strategies would you employ? Based on the question, you will discover where you stand on the risk spectrum. Are you more of a risk-taker who thrives on challenges, or does the idea of a guaranteed million dollars sound like a dream come true? Don’t forget to ask your friends to join the test and check if you have the same answers~🚀💰🎲 🎁Prizes Comment Rewards: If you only had one choice, what would it be? If you only had three choices, what would it be? And why? Tigers who leave valid comments in the comments section will receive Tiger Coins but don’t copy others’ homework hahaha. Editor's Pick Post Rewards: If you plan to share content over 500 characters, we strongly recommend selecting the "Also repost" button when posting a comment. This way, your content will have a chance to be selected as a "Picked Post" and receive a reward of 200 Tiger Coins automatically! In addition, if your post gains high popularity, there's also a chance to win US$15-25 voucher rewards in our weekly "Creator Incentive Program."
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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- koolgal·2023-10-22Great idea😍😍😍LikeReport