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kcchief19 · 11-19-2003, 09:51 PM

I think the point that money has less value when you have more of it has been made by the sheer number of people who would walk away with a million dollars.

But instead of changing the payoff, what if you lowered the initial payout? What if someone gave you $10,000? What would it take to make the bet pay off now? The example above would say $25,000.

Personally, the payout on the bet for me would increase exponentially to what I was given. If you gave me a $1, I'd bet the dollar on any amount because it's pocket change. The more money I'm offered, the more the payout would have to be for me to risk it. If you gave me a $10,000, I'd probably have to have at least $100k to risk it.

I think the point that gets made is that as you have more money, it takes more money for you to risk.

I, too, hold the notion that the more you have of something the less you value more of it. The catch is that human nature is the volatile variable in the equation. Logic and human nature are not necessarily synonymous.

11-19-2003, 09:51 PM	#27
kcchief19 Pro Starter Join Date: Oct 2000 Location: Kansas City, MO	I think the point that money has less value when you have more of it has been made by the sheer number of people who would walk away with a million dollars. But instead of changing the payoff, what if you lowered the initial payout? What if someone gave you $10,000? What would it take to make the bet pay off now? The example above would say $25,000. Personally, the payout on the bet for me would increase exponentially to what I was given. If you gave me a $1, I'd bet the dollar on any amount because it's pocket change. The more money I'm offered, the more the payout would have to be for me to risk it. If you gave me a $10,000, I'd probably have to have at least $100k to risk it. I think the point that gets made is that as you have more money, it takes more money for you to risk. I, too, hold the notion that the more you have of something the less you value more of it. The catch is that human nature is the volatile variable in the equation. Logic and human nature are not necessarily synonymous.