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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: per strandberg who wrote (36673)11/13/2000 12:11:16 AM
From: GraceZ  Read Replies (2) of 436258
 
Now, using your knowledge of financial math, please tell me at which level of wealth should I switch from case 1 to case 2?

Hope you aren't counting on that wealth coming from playing door #1. -g-

The odds are the same between the games when the level of wealth is at 1/2 billion. Trouble is you still have an even chance of going bust before you get the payoff in both games. So that means I don't want to play, I'd rather invest my money in something that has a positive expected return, uses the TVM with an acceptable R&R.

Over time traders tend to go bust while little old ladies get rich.
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