tag:blogger.com,1999:blog-7294165939647321702.post4211582705754717758..comments2024-03-28T13:45:43.362-04:00Comments on <center><a href="http://www.barelkarsan.com">Barel Karsan - Value Investing</a></center>: Is It Risky or Uncertain?Saj Karsanhttp://www.blogger.com/profile/04493152766022812984noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7294165939647321702.post-14997421348471207532012-04-20T10:52:55.258-04:002012-04-20T10:52:55.258-04:00I agree with the general point of the comment. But...I agree with the general point of the comment. But in the experiment mentioned what makes people choose the sure $1,000 might not just be a dislike of ambiguity. <br />I'd choose the sure thing because the first $1,000 can be used to meet more pressing needs than the second $1,000, and is thus worth more.<br />That's also why I'd be willing to work longer for $1,000 than Bill Gates would - that money is worth more to me, because I don't already have as many multiples of it in the bank as he does.juannoreply@blogger.com