clock menu more-arrow no yes

Filed under:

Math Is Fun, And Depressing

New, comments

Chris Sheridan breaks it down.

Sheridan Hoops — The Website of former ESPN and AP basketball writer Chris Sheridan

What if someone made you this offer: If you give me $4 today, I will give you back $40 in a month. But if you refuse to give me $4, you are guaranteed to lose $40 within a month. So you will either gain $36, or lose $40. You’d be nuts to turn that offer down, correct? Well, multiply that $4 by 10 million, and then ask the same question: Would you let go of $40 million today if it ensured that you’d get $400 million back? Your net gain would be $360 million, and your only alternative would be a $400 million loss. It’s a no brainer, right? Apparently not.

Ugh.