Sushi Money

     I was flipping through channels last night half-absent mindedly while doing some writing, and saw the “Deal or No Deal” show…   did you see it?  Some guy ended up with three of those “suitcases” left:  A $1,000,000 suitcase, a $750,000 suitcase and a $10 suitcase.   He was then offered $493,000 as a “deal” to stop playing!    Holy schmoly…  a half a million dollars, and what did he do?  He had a 1 in three chance of getting $10 but a guaranteed $493,000… he said “No Deal!” and played again.

Fortunately for him, or unfortunately depending upon how you view it, he eliminated the $1,000,000 suitcase and then was only offered $296,000.  This time he said “Deal!” and went home with almost three hundred grand in the bank, before taxes, seemingly pretty please with himself.  Well why not I suppose.

But if someone gave me a guaranteed chance at half a million, or a 1 in three chance at $10 (or a million, or $750,000) I would take the guaranteed money every single time.  Of course maybe the same reason I wouldn’t have risked the $493,000 means I may not have got that far, and would have taken less earlier in the game?  

I haven’t watched the show much, but a few months ago I watched someone else wind their way down from over a hundred thousand dollars, to basically nothing.    Why do people do that?  Why must people go for the huge chance of a gain, rather than a decent, or heck- a great return?  Probably some parallels in the market… what would you do?

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