|
like seriously vendagoat what the gently caress would you do with one million dollars times that by five not enough money apparently
|
# ? Aug 14, 2015 02:19 |
|
|
# ? May 4, 2024 14:03 |
|
g0lbez posted:five million isn't enough? 43 thou a year, in twelve years? Strangely enough I have a list of skills that I can put on a resume that would start me at roughly 30-35k Given twelve years from there, even at a 3% increase for inflation. Thats what? 44k a year? If I decide to actually apply myself and suck as much dick, balls and rear end as I can, whelp, there yah go.
|
# ? Aug 14, 2015 02:22 |
|
VendaGoat posted:43 thou a year, in twelve years? you're assuming worst case scenario though... best case you could have five million in two weeks. that's like... the point of the thought experiment
|
# ? Aug 14, 2015 02:25 |
|
at least it's job security and i can drop out of college
|
# ? Aug 14, 2015 02:26 |
|
g0lbez posted:you're assuming worst case scenario though... Ok, do me a favor. Bring 312 dollars to a casino and place one dollar on 312 consecutive spins of roulette. Tell me how much money you finish with.
|
# ? Aug 14, 2015 02:26 |
|
VendaGoat posted:Ok, do me a favor. Bring 312 dollars to a casino and place one dollar on 312 consecutive spins of roulette. Tell me how much money you finish with. nah
|
# ? Aug 14, 2015 02:27 |
|
g0lbez posted:nah Well, you've answered your own loving question now haven't you?
|
# ? Aug 14, 2015 02:28 |
|
VendaGoat posted:Well, you've answered your own loving question now haven't you? chill out VendaGoat it's a thought experiement
|
# ? Aug 14, 2015 02:28 |
|
g0lbez posted:chill out VendaGoat it's a thought experiement yes it is. Relax yourself
|
# ? Aug 14, 2015 02:29 |
|
if i had five million dollars i'd jack it for 6-8 hours a day and die of alcoholism at like, 37 being poor keeps me motivated to stay alive so I can chase that dream
|
# ? Aug 14, 2015 02:33 |
|
I'd keep working after my jackpot and get a second one. I'd your the world with my band that doesn't make any money, doing movies but donating all my winnings to charity, just waiting for my 5 million.
|
# ? Aug 14, 2015 02:34 |
|
12 Years minimum for even money, the actual payout could never even happen. Or It could happen on week two. People set different priorities, yo.
|
# ? Aug 14, 2015 02:39 |
|
Is it like within the 300 two-week periods I'm guaranteed to win the $5 million because then yes it would take 11ish years to guarantee the money, I'd insist on a signed contract to that effect and would use it to take out a loan to pay my living expenses while working and of course the possibility is I'd "win" sooner
|
# ? Aug 14, 2015 02:45 |
|
Yes because I'm rich and can afford it. Suck it poor people.
|
# ? Aug 14, 2015 02:48 |
|
would not op. let me tell you about a little something called the gambler's fallacy. random chance doesn't aggregate, that is, if you have a 1/300 chance every week you will not, after 300 weeks, have a 1/1 chance.
|
# ? Aug 14, 2015 11:27 |
|
VendaGoat posted:43 thou a year, in twelve years? is $516,000?
|
# ? Aug 14, 2015 11:44 |
|
you have a 50% chance of receiving the $5mil at any point before ~8 years. you have a 90% chance of receiving the $5mil at any point before ~26.5 years you have a 95% chance of receiving the $5mil at any point before ~34.5 years good luck chumps
|
# ? Aug 14, 2015 13:50 |
|
Shasta Orange Soda posted:is $516,000? I had a lot to drink last night. I am not an engineer. Am fat and the guy above me did a better job
|
# ? Aug 14, 2015 17:23 |
|
|
# ? Aug 14, 2015 18:03 |
|
No, I'm much fatter than that. I'm Death Dad Gay, So What Fat.
|
# ? Aug 14, 2015 18:44 |
|
criscodisco posted:You still fail to grasp how odds work. While you would think that the chances would be greater after so many tries, that's just not how it works. If you flip a coin 20 times and it's always heads, that doesn't increase the likelihood of it coming up tails on flip 20 at all. Sizone posted:would not op. let me tell you about a little something called the gambler's fallacy. random chance doesn't aggregate, that is, if you have a 1/300 chance every week you will not, after 300 weeks, have a 1/1 chance. The formula for odds in n weeks would be 1 - (299/300)^n The odds on your next one do not get greater but more attempts means the chance that it will happen at some point are a lot higher than just one in three hundred. Here is Doctor Math: Doctor Math posted:In one roll, the probability of rolling a 6 is 1/6. http://mathforum.org/library/drmath/view/56502.html
|
# ? Aug 14, 2015 18:46 |
|
i took AP stats and blurry gray thing is correct
|
# ? Aug 14, 2015 18:59 |
|
I got a better idea. You all pay me 2 grand a week ACD every day I will buy a lottery ticket in your name. You can't lose
|
# ? Aug 14, 2015 19:29 |
|
You'd want to divide BGT's n by 2 and round down, since we're checking ever other week, but otherwise that's right. Also important to note is that the OP doesn't specify whether or not you can remain employed after you "win" - if you can just keep winning the $5mil, and you're not immediately fired once you do, then the expected value of any particular two week check is just like with a lottery ticket, winnings*probability - cost, so a cool $16.7k. That means the expected value of all of your chances for a year is a pretty deece 6 fig $433k.
|
# ? Aug 14, 2015 19:33 |
|
Hey thread lets all unionize and split the winnings evenly that gets us closer to that steady 16.7k check every 2 weeks
|
# ? Aug 14, 2015 20:56 |
|
i wish i had a check every 2 weeks
|
# ? Aug 14, 2015 20:58 |
|
Give me room and board for the work and I'll start tomorrow.
|
# ? Aug 14, 2015 21:07 |
|
850 views come on we can make this happen
|
# ? Aug 14, 2015 21:12 |
|
become a slave on the hopes that your massa will will all his money to you when he dies of a heart attack after loving your wife? hmmm sounds like a lovely deal to me
|
# ? Aug 14, 2015 21:33 |
|
Let's also look at this from a sociopath's perspective. No one who has this money and is willing to play this game with another, is going to give the gambler a fair shake. "Nope, you lost again this week. Guess you'll have to keep working and try again. Nope! Still not a winner! NOPE LOL gently caress YOU AHAHAHHAHAHHAHHAHAHA I loving OWN YOU! DANCE! DANCE YOU loving MONKEY! It amuses me!"
|
# ? Aug 14, 2015 21:40 |
|
I've a lucky rabbits paw and the confidence to go along with it. Yes! My answer is Yes!
|
# ? Aug 14, 2015 21:54 |
|
Still have not received full payment. Please resolve this issue or I will be forced to escalate.
|
# ? Aug 16, 2015 02:58 |
|
i'm gonna bump this thread because i like the topic it's intriguing
|
# ? Sep 3, 2016 06:24 |
|
g0lbez posted:would you take a job that didn't pay anything and you couldn't work any other jobs (not including SO's or spouses) but every two weeks you had a 1/300 chance of winning five million dollars What if you didn't have the 1/300 chance of winning the 5 million dollars though
|
# ? Sep 3, 2016 06:40 |
|
poopzilla posted:gently caress yes idiot
|
# ? Sep 3, 2016 06:52 |
|
No loving way lol . you guys are idiots . A 1 in 300 chance every weeks is pretty abysmal you god dann idiots
|
# ? Sep 3, 2016 07:03 |
|
def would
|
# ? Sep 3, 2016 07:04 |
|
of course. id be a hobo for a few decades then buy a palace and die of my wounds
|
# ? Sep 3, 2016 07:06 |
|
Flesh Forge posted:What if you didn't have the 1/300 chance of winning the 5 million dollars though then it would be a lovely deal imo
|
# ? Sep 3, 2016 07:13 |
|
|
# ? May 4, 2024 14:03 |
|
What if I accept and then outsource the job to someone overseas?
|
# ? Sep 3, 2016 08:37 |