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Which Box Would You Choose?

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Created by: trekhed68

trekhed68

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POSTS: 1579

Report this Dec. 03 2012, 7:08 am

In front of you are two boxes, Box A and Box B.


Box A contains 100,000 lottery tickets, with a top prize of $1 million.


Box B contains 1,000 tickets, with a top prize of $100,000.


There is only one winning ticket per box.


You may draw only one ticket from only one of the boxes.


Which box would you choose, and why? Discuss.


"Those who would sacrifice essential Liberty in order to purchase a little temporary safety deserve neither Liberty nor Safety." -- Benjamin Franklin

miklamar

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Report this Dec. 03 2012, 12:00 pm

The odds seem to be better with Box B.


Var Miklama--Zakdorn, engineer. "A sound mind in a FULL body!" "Time, like latinum, is a limited quantity in the galaxy."

Vicsage

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POSTS: 465

Report this Dec. 03 2012, 4:58 pm

Box A.  While 100,000 is nice, its not life changing.  Couldn't quit working.  Couldn't really help the family much.  That's why I pick A instead of B. 

K0rN99

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Report this Dec. 03 2012, 7:19 pm

I'd just take the whole box and run.

trekhed68

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Report this Dec. 04 2012, 7:16 am

Quote: miklamar @ Dec. 03 2012, 12:00 pm

>

>The odds seem to be better with Box B.

>


Very good. You've correctly perceived the real question: Given a choice between a larger (potential) payoff and better odds, which would you choose?


"Those who would sacrifice essential Liberty in order to purchase a little temporary safety deserve neither Liberty nor Safety." -- Benjamin Franklin

trekhed68

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POSTS: 1579

Report this Dec. 04 2012, 7:18 am

Quote: K0rN99 @ Dec. 03 2012, 7:19 pm

>

>I'd just take the whole box and run.

>


Mm. Sorry...forgot to mention that the boxes are being guarded by a group of cranky Klingons with itchy trigger fingers...


"Those who would sacrifice essential Liberty in order to purchase a little temporary safety deserve neither Liberty nor Safety." -- Benjamin Franklin

Mitchz95

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Report this Dec. 04 2012, 8:43 am

Box B. $100,000 is a lot of money.


"The future is in the hands of those who explore... And from all the beauty they discover while crossing perpetually receding frontiers, they develop for nature and for humankind an infinite love." - Jacques Yves Cousteau

Sehlat123

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Report this Dec. 04 2012, 11:43 am

One I have a 1000:1 chance, the other a 100,000:1 chance. neither are very good. Why should I:


-spend the money to get to these boxes


-waste time picking the box


-even consider it


"Borg. Sounds Swedish."

Invader_Wishfire

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Report this Dec. 04 2012, 12:41 pm

Neither. Neither box offers good odds or a particularly impressive payoff.


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trekhed68

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Report this Dec. 05 2012, 7:11 am

Quote: Invader_Wishfire @ Dec. 04 2012, 12:41 pm

>

>Neither. Neither box offers good odds or a particularly impressive payoff.

>


Well, we can't make this too easy, now can we? But suppose we were to raise the stakes a bit? Let's say the prize in Box A is $10 million, and the prize in Box B is $1 million; the odds remain the same. Still no interest?


"Those who would sacrifice essential Liberty in order to purchase a little temporary safety deserve neither Liberty nor Safety." -- Benjamin Franklin

K_tigress

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Report this Dec. 05 2012, 8:53 pm

I’d choose the one that any group of cats would favour. They’re usually quite good at that.  Only my kitty cant seem to bring him self to go in to a box. Guess it reminds him of the vet’s office. Last time he tried to go though a glass window. Luckily he failed.


He felt that his whole life was some kind of dream and he sometimes wondered whose it was and whether they were enjoying it. -Douglas Adams (1952-2001)

Sehlat123

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Report this Dec. 05 2012, 10:16 pm

Quote: trekhed68 @ Dec. 05 2012, 7:11 am

Quote: Invader_Wishfire @ Dec. 04 2012, 12:41 pm

>

>

>Neither. Neither box offers good odds or a particularly impressive payoff.

>

Well, we can't make this too easy, now can we? But suppose we were to raise the stakes a bit? Let's say the prize in Box A is $10 million, and the prize in Box B is $1 million; the odds remain the same. Still no interest?


The odds are still overwhelmingly against you. The lottery usually has 30+ million, but the odds are against you, so why would you defy them??


"Borg. Sounds Swedish."

trekhed68

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POSTS: 1579

Report this Dec. 06 2012, 8:57 am

Quote: Sehlat123 @ Dec. 05 2012, 10:16 pm

>

>The odds are still overwhelmingly against you. The lottery usually has 30+ million, but the odds are against you, so why would you defy them??

>


Because that's just the kind of generous, warm-hearted person that I am...


"Those who would sacrifice essential Liberty in order to purchase a little temporary safety deserve neither Liberty nor Safety." -- Benjamin Franklin

ASDB_fleetRnD

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POSTS: 3

Report this Dec. 06 2012, 9:08 pm

You say there is a winning ticket inside each box.  That would imply the "winning" numbers have been choosen already, so it is known what those numbers are.....


 


I would bribe the Klingons into finding the winning ticket in each box.  Tell them that it is their duty to uphold their honor to give me the winning ticket.  Plus there is a vat of G'ack and worms for who ever give me the ticket too....get them a ship so they can go into gloriouse battle....

Irina Galliulin

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POSTS: 38

Report this Jan. 19 2013, 2:46 pm

I photocopy my ticket so I have two, then put one ticket in each box.


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