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WYR $1 million now or every day your chances of winning $1 billion increase by 0.005%? (lemmy.dbzer0.com)
submitted 1 year ago by to c/wouldyourather@lemmy.dbzer0.com
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If you choose the first option, $1 million will be immediately added to your bank account, however if you choose the second option, starting from today everyday your chances of winning $1 billion increase by 0.005%. If you accept your chances will start at 0% and keep increasing.

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[–] 1 point 1 year ago* (2 children)

More of a general assumption tbh. Lets assume that each day having a chance of say 10% to becoming a billionaire is plenty likely enough. 10/0.005=2000. 2000/365= ~5.5yrs. So its fair to assume you will need much less than a decade before it's incredibly likely.

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  • [–] 3 points 1 year ago

    The OP mentioned in another comment that the draw is once a year

    Also, it's 0.005 increase in the chance per day. If you start from zero, then 0*1.005 is still zero. Even after 100 years, still zero.

    But let's assume you start from 0.005, then the next day your chance would grow to 0.005*1.005=0.005025. it'd take extremely long for the chances to be reasonable

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