Why people make dumb financial decisions on purpose

Re:Why people make dumb financial decisions on purpose by rwmj on Saturday September 03, 2022 @12:43PM (#32703596)

Now I'm wondering what the expected value is if you were to auction this button pressing opportunity. Intuitively it seems to be over $1m (and less than $25m) so if I'm right then that's better than pressing the red button.

[ Parent | on HN ]

Re:Why people make dumb financial decisions on purpose by ghaff on Saturday September 03, 2022 @01:16PM (#32703933)

Assuming there's no risk to payouts being made/no fraud/etc. then presumably yes. It's probably related to hedges against commodity price increases/ foreign exchange fluctuation, etc. Not quite the same thing but somewhat similar in principle.

[ Parent | on HN ]

Re:Why people make dumb financial decisions on purpose by rotexo on Saturday September 03, 2022 @01:24PM (#32704030)

Also made me think of the parallel universe to the show “Silicon Valley” where Richard Hendricks sells Pied Piper to Gavin Belson for like $10 million and happily retires in La Veta, Colorado.

[ Parent | on HN ]