Interesting Theoretical Question About $$$
Some poker players I met posed an interesting theoretical question. I think it's best to answer this question without any influence from the answers of others. I'm going to make a ton of space between the question and my answer. Before scrolling down to read anyone's answer, post your own answer. I think it'll be interesting to see how you answer varies from everyone elses in a vacuum.
The question: You can either have a.) X amount of money or b.) the chance to flip a coin where you either win $0 or $1 billion. What is the lowest value of X in which you will choose the first option? Take some time to come up with your answer.
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My Answer: $8 million
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