LiteHacker Posted January 13, 2013 Posted January 13, 2013 Hello everyone, Focusing on time-chance rationality.The intention is to try and graph out decision making with reference to risk aversion. Here it is:Time Rationality TestResults appear once you answer this question.Note that most of the numbers keep appearing differently for everyone, and even the options switch places. Let me know what you think.
SomethingToPonder Posted January 13, 2013 Posted January 13, 2013 I Chose to take the gamble and go for the four, I also chose that most people would do the same, And the reason why is that, If people dont know when they are going to die, Then they aren't losing anything by taking the risk to try and win 4 years of life, So if they win Great, thats 4 years of life, But if they lose they are in the same place as before they rolled the dice.
Riva Awatt Cresol Posted February 6, 2013 Posted February 6, 2013 it depends on individual, which means that no one will go for thesame option. If i have a brighter future ahead, then i wun't take the risk, but since we are all rational, we want it big. So it really vaies
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