Question

We have to make choices every day. Some choices may affect our lives for years, like the colleges we attend.

Other decisions have short-term effects, like where we should eat lunch.
Read the options below. Which option would you choose?
A. Option 1: Receive $1,000,000 today.
B. Option 2: Receive $25,000 every day for a month (30 days).
C. Option 3: Start with 1 penny, then double it every day for a month (30 days).

Answer 1

C

Explanation:

The reason I would choose C is that the penny doubling each day might seem small but the amount would continue to grow exponentially giving you a might higher payoff than the rest of the options. I don't know the exact amount you would get by it is around 3 mill.

Option B gives you linear growth, which means that by the end of 30 days, you would only have 750,000.

Option A is the worst potion only leaving you with 1 million.