What would you rather

I think a lot of people have missed the big picture... its a story about the time value of money, starting early, and compounding...

How many future apples can come from a single apple? Potentially innumerable. You gotta start with a seed though.

 

I would take the five, you could die, be incapacitated or other + can put to use straight away.

Also, if you read the proposal, you may only be giving 1c and then doubling that every day, or 1c first day and 2c every day after.....lol

or if going by poll wording a total of 30c as Gockie says

 

I voted 5M before reading the post...the doubling should be included in the question

 

Given 1c is no longer legal tender, um, shouldn't it be rounded down to zero?

 

Chose $5m. Not sure what this 1c doubling is about?

 

If that is the case, can you organize everyone who has 1,2,3,4,6,7,8 or 9 cents in their account to send it to me.

 

Didn't say 1 month said 30 days

 

So what's the final number?

I thought it was $0.01 on day 1, doubled for 30 days. So on day 30 you get given
$ 5,368,709.12, in addition to the $ 5,368,709.12 you made from the previous 29 days. So $ 10,737,418.24 all up.

Or am I missing something?

 

from the original post

oops...

I don't even understand the question. to receive a cent and I doubled the cent every day for 30 days

Does that mean on Day 1 you give us 2 cents and on Day 2 you give us 4 cents or does it mean you give us one cent and on Day 1 it doubles and on Day 2 it doubles again. In the first scenario, by Day 3 we would have 15 cents. In the second scenario, by Day 3 we would have 8 cents.

Either way, the doubling one sounds good to me!

 

Use the full quote next time it was "Scenario - If you were given a choice to receive five million dollars in one month or a cent and I doubled it every day for 30 days which one would you choose?"

The cent doubling was over 30 days, you didn't read the question...

Also the 5M will come to you in one month (that could be 28 days)

 

I didn't use the full quote because I was highlighting the part that was ambigious to me. I still find the question ambigous. If you read the question strictly, in scenario 2, you give us a cent. That's it. Not a very good deal. The question says that you double it every day for 30 days but it never says that you give the doubled funds to us. You could keep them for yourself! See what I mean? It's ambigous buddy!

I said "does it mean you give us one cent and on Day 1 it doubles and on Day 2 it doubles again". Pretty sure I did read the question. No need to crack a sad because I wanted it clarified

Maybe next time make your question less ambigous...

Just to clarify again, because I still don't get it. In the original question, before day one you recieve a cent. Do you mean in scenario 2, the person does not recieve any money until after 30 days? In that case, the question should read like this;

Scenario - If you were given a choice to receive five million dollars in one month's time or recieve one cent that had been doubled every day for 30 days which one would you choose?
​

or if you mean the person gets one cent on day zero and then it gets doubled every 30 days, it should read like this:

Scenario - If you were given a choice to receive five million dollars in one month's time or recieve one cent that doubles every day for 30 days which one would you choose?​