Button game

[Fireball]

As stated, the Green button has a higher expected value, but, if I took the $1 million, I would always regret the possible loss of the $50 million.  Besides, I used to make my living in Statistical Process Control and would feel like a dumbass in having chosen Red.

Well, alrighty then. #imadumbass 

[Jehanne]

As stated, the Green button has a higher expected value, but, if I took the $1 million, I would always regret the possible loss of the $50 million.  Besides, I used to make my living in Statistical Process Control and would feel like a dumbass in having chosen Red.

Well, alrighty then. #imadumbass 

Not necessarily.  One could also consider utility -- for instance, a $1,000 tax credit to someone making 10K has a lot more utility than the same tax credit to someone making 100K.

[Pat Mustard]

Red, but I have a reason.

A million would set me up very nicely, a) I'd be able to buy a house for 350k to 400k and b) the remainder would set me up very nicely pension wise along with my defined benefit civil service pension.

The €50m would be too much, don't need nor want that kind of money.

[Jehanne]

Having slept on it, I wish to change my vote! I'll take the $1 million!

[HappySkeptic]

I choose Red.

The question is similar to the problem of, 1) You have a safe job with a reasonable salary, or 2) You have a lower-paying job at a company that could go bankrupt at any moment, but you have money in stock options.

I chose 2, and the gamble worked.  However, it was more like the Red/Green game where you are allowed to play multiple times.  In that situation, you play Green, knowing that you will always have a chance to play Red sometime in the future.

If you only get to play once, then Red is reasonable.

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When I saw the title of the thread, I was thinking of this game Twilight Zone - Button Button

[onlinebiker]

But would you take the red pill or the blue pill??