Would You Take This Bet?

Komentar

  1. Xiao Shen

    Xiao Shen5 jam yang lalu

    I am that 1 in 2300...

  2. David Foster

    David Foster13 jam yang lalu

    Given the context of this bet, being on camera being interviewed, I would have said eff it and accepted even the $10 for $10 bet (it's a 50/50; live a little!). It would be so thrilling to win it and then the guy's like, "Oh. Okay. Yeah, I guess there's nothing I can say now." And then he just awkwardly walks away. I'd pay $10 for that hilarious experience. The possible enjoyment of that way outweighs the loss aversion of me envisioning myself thinking, "Oops. Yep. Shouldn't have taken that bet."

  3. Milap Thakor

    Milap ThakorHari Yang lalu

    Some people didn't learn probability right way.

  4. Galib Jaman

    Galib JamanHari Yang lalu

    Nobody: IDreporter at 3am: Would you take this bet?

  5. Coolwoobyër

    CoolwoobyërHari Yang lalu

    Negative is stonger than Positive. This goes for all ways of gain or loss.

  6. Ethereal Forest

    Ethereal Forest2 hari yang lalu

    Because this is a veritasium video I probably shouldn't take the bet

  7. Alex Gibeau

    Alex Gibeau2 hari yang lalu

    if you play the game once, even if you stand to win more then you stand to lose you can only do it once. if you could do it twice then i would do it because if you win 1 of those 2 flips you still end up on top

  8. kuba kuba

    kuba kuba2 hari yang lalu

    lul 10$ 50/50 chance ill always take it

  9. Gilbatrar ヅ

    Gilbatrar ヅ2 hari yang lalu

    It already made sense to me as soon as you added less than a dollar to your risk hehe

  10. Ronit Srivastava

    Ronit Srivastava2 hari yang lalu

    Actually there is a 51 - 49 chance of the side that faced upwards ( more favourable )

  11. epool lee

    epool lee3 hari yang lalu

    20 FEB 2020 Today. So what is the return by now? 4.5mil views.

  12. SoTyp Me

    SoTyp Me3 hari yang lalu

    Veritasium: This is a risk for me...this video will only make money if it gets like half a million views. IDreporter: 4.5million and counting.

  13. Ahmad Nasriya

    Ahmad Nasriya3 hari yang lalu

    You guarantee the win for 100 times, but that's only true if you can afford the first few losses and be able to go on, and that's the difference .. People aren't the same, some of them have the courage and power to face the struggles, and the others .. well, they struggle, mainly because they can't, and not because they just don't want. People with less resources and abilities will tend to keep what they got, in favor of risking the little that they got, and these people will lose everything if they lost your first few bets. On the other hand, people with much more resources may tend to risk a portion of what they got hoping to get much more in return, and even if they lost, they'll have a spare to start again.

  14. Joseph Louwerse

    Joseph Louwerse3 hari yang lalu

    This is pretty much stocks explained

  15. TcheQ _

    TcheQ _3 hari yang lalu

    All of these people would dump $20+ into a lotto ticket to win $0 though

  16. David Wilson

    David Wilson4 hari yang lalu

    lol, diversify the bet...

  17. Tom NixNachname

    Tom NixNachname4 hari yang lalu

    Good video, but it's actually not so simple, there's a lot more going into it. Plenty of books have been written about it. Kahneman is a great one and goes into more depth already.

  18. Evan Pan Wang

    Evan Pan Wang4 hari yang lalu

    don't be a pussy just take the bet

  19. Sarah Wilks

    Sarah Wilks4 hari yang lalu

    Has nobody ever heard the saying "A bird in the hand is worth 2 in the bush?"

  20. Hareece Thorogood

    Hareece Thorogood5 hari yang lalu

    Logically I would have to accept a 2:1 bet, it's not every day you get such nice odds. Edit: only if I choose the coin though and we both examine it

  21. i minabrons

    i minabrons5 hari yang lalu

    Did you factor in the belief that most people would have if someone came along and offered them a 2:1 bet in their favour. In their mind the probability is that you're gaming the bet somehow to you advantage.dishonestly.

  22. lolipedofin

    lolipedofin5 hari yang lalu

    Assuming trust is not an issue, anyone with brain will take the bet at $10.50.

  23. Jackie Wang

    Jackie Wang6 hari yang lalu

    Most people are risk avert, that is why insurance is a thing even though most of them rip you off.

  24. Retro Gaming - Clash Of Clans

    Retro Gaming - Clash Of Clans6 hari yang lalu

    well the reason I would pick the 100 trial bet is because of the law of large numbers

  25. Retro Gaming - Clash Of Clans

    Retro Gaming - Clash Of Clans6 hari yang lalu

    well trust me it really depends on the bet

  26. Saurao Dalvi

    Saurao Dalvi6 hari yang lalu

    If one loses 33 matches he will have 1$ loss. So the minimum, one can win is 34 matches(680 $) and lose 66 matches(660$) i.e. still 20$ profit (very strange). But if one can somehow assure that he can win more than 34 matches ......... using something (not probability)that would be awesome. But win-loss probability is 50-50. So according to probability if a person wins 50 matches i.e. 1000-500=500$ profit!!!.

  27. Patrick G

    Patrick G7 hari yang lalu

    You should ask them what they did in math class. That's why people are so easily fooled when it comes to tax reform.

  28. diatonicdissonance

    diatonicdissonance7 hari yang lalu

    is this loss

  29. GaryNumeroUno

    GaryNumeroUno7 hari yang lalu

    Most of these people will willingly put $10 on Lotto every week with negligible chance to win! Ironic huh?

  30. Sarah Wilks

    Sarah Wilks4 hari yang lalu

    I doubt they would.

  31. Mike Haydon

    Mike Haydon8 hari yang lalu

    If an American with a mic was offering me money, I'd also be wondering what scam was up.

  32. TheHarrip

    TheHarrip8 hari yang lalu

    Sir 4.5 million you won your bet

  33. TheHarrip

    TheHarrip8 hari yang lalu

    Bloody hell this was a lot more interesting than I expected.

  34. Xaverderschnitzelfan

    Xaverderschnitzelfan8 hari yang lalu

    You could yust do this 1000times and you would have infinite money

  35. E.B.

    E.B.8 hari yang lalu

    Instead of going to a park , Why don't you walk into a Poker Room in ANY casino and every Poker Player will take you up on your bet.

  36. Kratom Kings

    Kratom Kings8 hari yang lalu

    One of the best life lessons I have ever heard! I have taken chances my whole life and I have won a lot and lost a lot but this video just encouraged me to keep betting! Thank you so much for posting this!

  37. ImaginebySzP

    ImaginebySzP9 hari yang lalu

    This is a super intriguing concept and the way you outlined it in your video helped me understand it from a unique perspective. Thank you. I think I would have taken the bet in the 1st stage because $10 isn't an amount that I wouldn't have been able to live without + I probably have this "opportunistic" approach to life's unfoldings, in other words, as much I love my comfort, I think I say YES to a lot more things than an average person normally would. Once more, I thank you for all your very inspiring and eye-opening content. Love and respect!

  38. josh parrott

    josh parrott9 hari yang lalu

    “But then I’d be losing $10 each time”... where did he find these people?

  39. Κonstantinos Ameranis

    Κonstantinos Ameranis10 hari yang lalu

    The only issue with taking a hundred bets vs taking one bet is putting up the capital. So if you have the capital (financial, phycological) you can take good bets. If you lack the capital a few early loses can prove far worse than winning in the end.

  40. Randy Zeitman

    Randy Zeitman10 hari yang lalu

    You added an extra negative factor ... the camera ... they don't trust you, don't want to say so on camera, and don't want other observers involved. What you didn't do was try it off camera and compare. I would've done the 1.5x instantly.

  41. God Yeeter

    God Yeeter10 hari yang lalu

    Half the worlds money in USD

  42. Sasathorn Phaspinyo

    Sasathorn Phaspinyo11 hari yang lalu

    Where did you do this? Can't believe people are not taking 5:1 or 10:1!!!

  43. Daltira

    Daltira11 hari yang lalu

    Thats literally how the lotto works.

  44. Swoon Drones

    Swoon Drones11 hari yang lalu

    I think the minimum would be 3 to 1 odds and flip 4 times. At 2 to 1 odds, I'd say minimum 6 flips.

  45. Joseph Spence

    Joseph Spence11 hari yang lalu

    Well im 14 and i have like no money so ten bucks is a lot soooo nah

  46. jules 03

    jules 0311 hari yang lalu

    I like bets. I'd have accepted first bet if i didn't know you offered better bets after refusing bet 1

  47. TubbyRacer

    TubbyRacer14 hari yang lalu

    INSTRUCTIONS UNCLEAR, Ended up having gambling porblems

  48. wranglerboi

    wranglerboi14 hari yang lalu

    This is why some people refuse to fly. When a plane crashes, there can be injuries or even deaths. What most people forget are the numbers of planes that take off and land DAILY with no problems at all. And yet we are willing to get in our cars and drive on busy roads and highways when the chances of getting into an accident (and potentially being injured or killed) are GREATER. Why? It has to do with what we've heard; namely, that a single plane crash can kill more people than a single car crash) even though the reality is that far FEWER planes crash in any given year (and carrying a VERY SMALL PERCENTAGE of the total people who traveled in planes that year) than cars that crash in that same year (and carrying a GREATER PERCENTAGE of the total people that traveled in cars in that year)!

  49. Grzegorz Brzęczyszczykiewicz

    Grzegorz Brzęczyszczykiewicz16 hari yang lalu

    It takes little practice to toss the coin to get the outcome you want. That's why I would bet only if he would let me toss it. X)

  50. Jsmith

    Jsmith18 hari yang lalu

    What's not captured is transaction uncertainty risk. Most people will definitely take the deal at 12 vs 10 at 50/50 odds if they had 100% certainty of payout and little no opportunity cost (time). People take worst odds all the time at a casino even though they know they are playing at a disadvantage.

  51. Danny Morrissey

    Danny Morrissey19 hari yang lalu

    Russian roulette....take the bet!!

  52. Nora Easter

    Nora Easter19 hari yang lalu

    Loss is more substantial than gain. If I had only $10, for example, the outcomes are losing ALL of my money, or doubling it. And there is no upper bound on a theoretical amount of money a person could have, but there is a definitive lower bound of zero. If I had the million dollars, I might take that bet, because the difference in risk versus reward would be so slight. I think that, in these circumstances, humans use the geometric mean, rather than the average.

  53. David Provencher

    David Provencher21 hari yang lalu

    There's also a factor of safety. People who have less money are more risk adverse than people who have some to spare. If I have $100, I'm more likely to risk $10 of it than if I only have $10 to begin with.

  54. Mr. Holmes

    Mr. Holmes23 hari yang lalu

    People don't think.

  55. Dixon Wang

    Dixon Wang26 hari yang lalu

    That's exactly how professional traders make money, not by wining more times than losses, but by much higher reward-to-risk ratio.

  56. Ju57man

    Ju57man28 hari yang lalu

    If they agree 10$ to 50$, they won't agree 1000$-5000$ I think it would be like 1000$-20000$. And if one would agree if it is 0.1$ to 0.15$ because it is not much to loose 0.1$. Therefore, the reason why many people say different amount of "win-money" depend on how many 10$ in their salary. If one get 10$ for 10 hours of work it would be stupid to lost it, but if 10$ is 5 min, it is not that much and one can sacrifice that in order to win more.

  57. Ju57man

    Ju57man28 hari yang lalu

    I am a mathimatician, so I would play the game even if it is 10$ to 10.02$, but we can play the game as many times as I want. If my limit is 100$ the chance of losing it without profit is 1/1024≈0.09%

  58. Karl B. Tilleman

    Karl B. Tilleman29 hari yang lalu

    since the probably of winning or loosing didn't change, with the first bet or the 100% bet, the minute he offered $20 I hope people would take the bet after seeing this video!

  59. XamN

    XamNBulan Yang lalu

    One reason for declining is that since *You* are offering *Me* the bet, there is an instinctual feeling that it must be rigged since you are willingly offering the bet to me.

  60. xalyph

    xalyphBulan Yang lalu

    A bird in hand is worth two in the bushes

  61. Ashley Lemmer

    Ashley LemmerBulan Yang lalu

    Over 100 bets, I would take the $10 / $12.

  62. Ashley Lemmer

    Ashley LemmerBulan Yang lalu

    Human psychology, so true in the markets.