Richard H. Thaler Quotes

PROBLEM 1. Assume Yourself Richer By $300 Than You Are Today. You Are Offered A Choice Between A. A Sure Gain Of $100, Or [72%] B. A 50% Chance To Gain $200 And A 50% Chance To Lose $0. [28%] PROBLEM 2. Assume Yourself Richer By $500 Than You Are Today. You Are Offered A Choice Between A. A Sure Loss Of $100, Or [36%] B. A 50% Chance To Lose $200 And A 50% Chance To Lose $0.

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