Just a quickie post today as Mr. PoP and I wallow in self-pity from being in bed sick all weekend.
Mr. PoP was surfing Reddit recently, as he’s been known to do, and came across the a thread that proposed the following conundrum.
Suppose you were presented with 100 unlabeled boxes. 99 of them contain $1 million. The 100th box contains a substance that will cause instant death. You open the boxes one at a time and you get to keep whatever is in the boxes that you open.
How many boxes will you open?
Mr PoP and I both independently came up with the same answer (which is nice).
We’d open one box. The way we look at it, there are probably a lot of things that we do in life that have cumulative chances of death greater than 1%, but don’t offer the benefits of pretty immediate reaching of most of our financial goals and enabling near instant retirement and financial freedom. But we wouldn’t open more than one. A second million dollars would have a much smaller marginal impact on our overall life goals than the first and felt like it’d be tempting fate a bit too much.
But what would your answer be? How many boxes would you open?