\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

100% chance of $450k salary vs. 60% chance of $320 n 40% of $700

basically, same job otherwise....except for pay in one you h...
olive cerebral newt community account
  04/23/14
what's the salary progression in 2 if you don't make 700k o...
magenta faggot firefighter parlor
  04/23/14
fixed at $320k
olive cerebral newt community account
  04/23/14
450k.
magenta faggot firefighter parlor
  04/23/14
umm if you're going to be there a while, why not just take w...
Turquoise range knife
  04/23/14
would take the 450 and retire in a few years
Maroon Contagious Multi-billionaire Tattoo
  04/23/14
What if you can't save more than $100k per year at that sala...
olive cerebral newt community account
  04/23/14
this is a retarded hypo. go with the higher EV. eyeballi...
walnut adventurous jew round eye
  04/23/14
similar EV. Same job. It isn't retarded. What would you...
olive cerebral newt community account
  04/23/14
it's really just a question of risk preference then and it's...
walnut adventurous jew round eye
  04/23/14
...
harsh business firm
  04/23/14
I'm asking what other people would do bro.
olive cerebral newt community account
  04/23/14
Most of the population is risk averse, subject to a signific...
harsh business firm
  04/23/14
just do 22k risk premium for a 60% chance that you'll make 1...
nubile spot
  04/23/14
I'll take the 450 and buy 130k/year of s&p index options...
Charcoal Legend
  04/23/14
$450k. i would rather have the immediate bump to $450k ra...
Big mood
  04/23/14
What sort of lifestyle would you lead at $320K v. $450K v. $...
Aphrodisiac carmine meetinghouse
  04/23/14
it wouldn't change much other than we'd buy a house more qui...
Big mood
  04/23/14
just LOL somehow you managed to work your own current salary...
Learning Disabled Elastic Band
  04/23/14
there's such thing as a coincidence...unless you think i'm a...
Big mood
  04/23/14
obviously you do whichever one involves the least work
talking sweet tailpipe
  04/23/14
same amount of work
olive cerebral newt community account
  04/23/14
that isn't true. one at least has a better commute and offi...
talking sweet tailpipe
  04/23/14
they don't really, just for purposes of this hypo. they are...
olive cerebral newt community account
  04/23/14


Poast new message in this thread



Reply Favorite

Date: April 23rd, 2014 7:13 PM
Author: olive cerebral newt community account

basically, same job otherwise....except for pay in one you have a 100% chance of $450k the entire time, and in the other you will make $320k, but have a 40% chance of bumping up to $700k 2 to 3 years later.

Assume you want to stay at both for awhile.

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434439)



Reply Favorite

Date: April 23rd, 2014 7:14 PM
Author: magenta faggot firefighter parlor

what's the salary progression in 2 if you don't make 700k or are you fixed at 320k 3 years from now

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434444)



Reply Favorite

Date: April 23rd, 2014 7:20 PM
Author: olive cerebral newt community account

fixed at $320k

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434463)



Reply Favorite

Date: April 23rd, 2014 7:24 PM
Author: magenta faggot firefighter parlor

450k.

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434485)



Reply Favorite

Date: April 23rd, 2014 7:21 PM
Author: Turquoise range knife

umm if you're going to be there a while, why not just take whichever job has the higher average value?

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434470)



Reply Favorite

Date: April 23rd, 2014 7:21 PM
Author: Maroon Contagious Multi-billionaire Tattoo

would take the 450 and retire in a few years

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434472)



Reply Favorite

Date: April 23rd, 2014 7:25 PM
Author: olive cerebral newt community account

What if you can't save more than $100k per year at that salary do to "obligations"?

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434490)



Reply Favorite

Date: April 23rd, 2014 7:25 PM
Author: walnut adventurous jew round eye

this is a retarded hypo.

go with the higher EV. eyeballing they seem to have pretty similar EV, in which case you go with which job you like more.

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434487)



Reply Favorite

Date: April 23rd, 2014 7:27 PM
Author: olive cerebral newt community account

similar EV. Same job.

It isn't retarded. What would you rather have, guaranteed $450k, or a bigger variance, but similar EV?



(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434504)



Reply Favorite

Date: April 23rd, 2014 7:31 PM
Author: walnut adventurous jew round eye

it's really just a question of risk preference then and it's likely there's some trends of "predictable irrationality" that coalesce around evaluating hypos like this, so i'm not sure how much other people's opinions help.

you know your own risk tolerance so go with that.

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434525)



Reply Favorite

Date: April 23rd, 2014 7:33 PM
Author: harsh business firm



(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434531)



Reply Favorite

Date: April 23rd, 2014 7:35 PM
Author: olive cerebral newt community account

I'm asking what other people would do bro.

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434535)



Reply Favorite

Date: April 23rd, 2014 7:36 PM
Author: harsh business firm

Most of the population is risk averse, subject to a significantly declining marginal utility of income by that point. If they're hyper-rational (i.e., game-aware), they're going to pick the sure bet at $450k. That's in theory.

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434540)



Reply Favorite

Date: April 23rd, 2014 7:41 PM
Author: nubile spot

just do 22k risk premium for a 60% chance that you'll make 130k less (xo poas

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434551)



Reply Favorite

Date: April 23rd, 2014 7:48 PM
Author: Charcoal Legend

I'll take the 450 and buy 130k/year of s&p index options.

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434576)



Reply Favorite

Date: April 23rd, 2014 8:19 PM
Author: Big mood

$450k.

i would rather have the immediate bump to $450k rather than a chance at $700k in 2-3 years. the marginal benefit to my QOL from $450k to $700k is much less than from $320k to $450k.

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434735)



Reply Favorite

Date: April 23rd, 2014 8:27 PM
Author: Aphrodisiac carmine meetinghouse

What sort of lifestyle would you lead at $320K v. $450K v. $700K?

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434775)



Reply Favorite

Date: April 23rd, 2014 8:49 PM
Author: Big mood

it wouldn't change much other than we'd buy a house more quickly. day to day we don't have extravagant expenses and don't feel prohibited from doing anything we want to do (e.g., vacations mainly).

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434893)



Reply Favorite

Date: April 23rd, 2014 8:35 PM
Author: Learning Disabled Elastic Band

just LOL somehow you managed to work your own current salary into this hypo.

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434806)



Reply Favorite

Date: April 23rd, 2014 8:42 PM
Author: Big mood

there's such thing as a coincidence...unless you think i'm alpha dog. i have better things to do w/ my time than to talk to myself on the internet, however.

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434852)



Reply Favorite

Date: April 23rd, 2014 8:55 PM
Author: talking sweet tailpipe

obviously you do whichever one involves the least work

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434933)



Reply Favorite

Date: April 23rd, 2014 8:57 PM
Author: olive cerebral newt community account

same amount of work

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434950)



Reply Favorite

Date: April 23rd, 2014 9:00 PM
Author: talking sweet tailpipe

that isn't true. one at least has a better commute and office chair/toilet

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434974)



Reply Favorite

Date: April 23rd, 2014 9:04 PM
Author: olive cerebral newt community account

they don't really, just for purposes of this hypo. they are actually very very different.

(http://www.autoadmit.com/thread.php?thread_id=2550243&forum_id=2#25434995)