Friday, January 29, 2021

​Are You a Gambler?

 he purpose of this blog is to get the gears turning at the Shabbat table. Please print and share...

Thinking

Here's a classic logical-thinking question for your table, from the authors of Thinking Fast and Slow (link in the image):

Imagine you must choose between on of the following:

A: A 100% chance of losing $3,000.
B. An 80% chance of losing $4,000, and a 20% chance of losing nothing.

Next, imagine you must choose between:

C: A 100% chance of winning $3,000.
D: An 80% chance of winning $4,000, and a 20% chance of winning nothing.

When this question is posed to thousands of people, over 90 percent of people choose B over A, but only 80 percent choose C over D. Why?

Finally, try this one at your table:

When does gambling become investing, and vice-versa?


Shabbat Shalom

PS - Do you have a favorite logical thinking puzzle? Please send it my way.

 
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