A thought experiment.
Take 20 employees who are making 100K/year. Give them each a dime.
Tell them if they get heads their salary jumps to 200K/year, if tails then they get fired. Or they can choose not to flip and stay at 100K
Now how many of them flip the coin? We can’t really know of course, but we can know that:
a) someone who is on the verge of quitting or getting fired would risk it.
b) someone confident they could easily get another 100K job would risk it.
c) someone who is an absurd thrill-seeker who does dangerous outdoor activities could
d) someone who has a ton of money in the bank and doesn’t really need their salary to survive
Now who wouldn’t make such a risk? Obviously those in some degree of financial jeopardy with responsibilities they can’t risk on a coin flip.
In America are there more in the former category or the latter? 🤔
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A thought experiment.
Take 20 employees who are making 100K/year. Give them each a dime.
Tell them if they get heads their salary jumps to 200K/year, if tails then they get fired. Or they can choose not to flip and stay at 100K
Now how many of them flip the coin? We can’t really know of course, but we can know that:
a) someone who is on the verge of quitting or getting fired would risk it.
b) someone confident they could easily get another 100K job would risk it.
c) someone who is an absurd thrill-seeker who does dangerous outdoor activities could
d) someone who has a ton of money in the bank and doesn’t really need their salary to survive
Now who wouldn’t make such a risk? Obviously those in some degree of financial jeopardy with responsibilities they can’t risk on a coin flip.
In America are there more in the former category or the latter? 🤔