£50,000 or £1 Million: the coin that reveals how you think.
£50,000 or £1 Million? The Coin Toss That Reveals How You Think is a fascinating look at decision making, risk, money psychology, behavioural economics and the strange things our brains do when a large amount of cash is suddenly dangled in front of us.
The dilemma is beautifully simple.
You are offered £50,000 guaranteed. You can take it, walk away, and quite reasonably feel that life has improved.
Or you can flip a coin.
Heads, you get £1 million.
Tails, you get nothing.
No second go. No best of three. No rather hopeful suggestion that perhaps the coin landed on the edge.
So what would you…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.