Which option will you choose among the following:
1. I pay you $100
2. You toss a coin and if you win I pay you $200 but if you lose you get nothing.
Will you take A or B?
If I give you another choice set, which option will you choose among the following?
1. You pay me $100
2. You toss a coin and if you lose you pay me $200, if you win you pay me nothing?
Will you take A or B?
What do these gambles have t0o do with rogue innovations? These gambles are closely related with rogue innovations as I will write in my next post. Check my next post for some interesting views on human fallibility and its direct link with rogue innovations. Stay tuned.
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