I’d much rather take a sure million with a (slight?) chance of a bonus billion, versus an unknown chance at 0 or a billion. I could do plenty with a million that would significantly change my life for the better.
But I would probably do the opposite if A contained $1000 and B contained a potential million as in the original example. $1000 is a tolerable amount to risk missing out on.
I’d much rather take a sure million with a (slight?) chance of a bonus billion, versus an unknown chance at 0 or a billion. I could do plenty with a million that would significantly change my life for the better.
But I would probably do the opposite if A contained $1000 and B contained a potential million as in the original example. $1000 is a tolerable amount to risk missing out on.