Would You Take This Bet?

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  • Published on Jan 5, 2015
  • How much would it take for you to risk $10?
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    Psychological literature shows that we are more sensitive to small losses and than small gains, with most people valuing a loss around 1.5-2.5 times as much as a gain. This means that we often turn down reasonable opportunities for fear of the loss. However over the course of our lives we will be exposed to many risks and opportunities and this invariably means that taking every small reasonable bet will leave us better off than saying no to all of them.
    NOTE: The video is not saying to accept every bet, only those with reasonable odds (preferably in your favour), and those which if you lose would not cause significant financial or other damage. In those cases it is wise to be loss averse!
    Filmed by Adrian Tan
    Thanks to Physics Girl for suggestions on previous versions of this video. ruclip.com/user/physicswoman

Comments • 11 861

  • Aljoscha Long
    Aljoscha Long Day ago

    No, it's not a 50:50 chance, because any beginner magician can make the coin do whatever he wants. Since I don't know if you're trained as a magician, the risk is much higher than you state.

  • Siarigo
    Siarigo 9 days ago

    1,5? 4,5 million!

  • Ghoti Fish
    Ghoti Fish 9 days ago

    I think he's at the place in chatswood

  • Graphic
    Graphic 10 days ago

    Didn't know I was going to see some motivation here today; A good one

  • Georgi Zaqaryan
    Georgi Zaqaryan 11 days ago

    you are +

  • Stealth Kills
    Stealth Kills 12 days ago

    Half million people see it
    More like: 4.5 million

  • Barbutt
    Barbutt 12 days ago

    Has anyone mentioned the thumbnail image looks like Mulder from X Files?

  • susheela Susee
    susheela Susee 12 days ago

    I need 1/2 million for this bet

  • Ford galaxie Fan club!
    Ford galaxie Fan club! 12 days ago +1

    guys its 10 bucks come on... and if you lose it oh well, live on with your life, was a fun experiment nonetheless

  • Kimberley Downing
    Kimberley Downing 14 days ago

    It reminds me of the saying, ‘A bird in the hand is worth two in the bush.’
    But I’m not sure if it’s exactly the same. #tired

  • Barry White
    Barry White 16 days ago

    What moon hoaxes?
    240 K miles.

  • Soham Sadhukhan
    Soham Sadhukhan 17 days ago

    Loss Aversion, Thinking Fast & Slow. Daniel Kahneman

  • CHEBUREK
    CHEBUREK 18 days ago

    этот человек покрыл свои затраты и заработал на 18 таких штук

  • yahya ahmed
    yahya ahmed 20 days ago +2

    These people are probably fools or they assume you as a magician....
    At least I would assume you as a trickster

  • Antony Hurts
    Antony Hurts 21 day ago

    I came here from Wert Dider just to make sure that you will get your money back bro)

  • Charlie Chino
    Charlie Chino 22 days ago

    110 dollars

  • David Josi
    David Josi 22 days ago

    Are you australian?

  • Никита Королев

    People feel naebalovo)

  • Bodya nich
    Bodya nich 26 days ago

    Good video)

  • Mr. Hi-fi Lager
    Mr. Hi-fi Lager 29 days ago

    In Russia, Ukraine, Belarus, people would most likely agree on the first sentence.

  • Dipesh Lamichhane
    Dipesh Lamichhane 29 days ago

    Yku got your views man😅😅😅

  • Ratmir Ifi
    Ratmir Ifi 29 days ago

    Класс! Копни глубже!)

  • ging er
    ging er 29 days ago

    Poker players watching this are screaming lmao

  • Tony Stark
    Tony Stark Month ago

    Не буду смотреть видео, так как он окупился в 9 раз и теперь мне его не жалко.

    • Tony Stark
      Tony Stark Month ago

      Если кому-то не понятен мой посыл, то мой первый просмотр был в русской озвучке.

  • Harvey Stewart
    Harvey Stewart Month ago

    Are y dumb if there's a 50 50 chance of winning twenty r losing ten and u do it ten times statistically youll end up with 50 more dollars

  • Rau Bay
    Rau Bay Month ago

    Русские есть ?)

  • Paul Darkness
    Paul Darkness Month ago

    Лады. 👍 Перешел с ruclip.com/channel/UCY6zVRa3Km52bsBmpyQnk6A , посмотрев там это видео с русской озвучкой.)

  • John Daedalus
    John Daedalus Month ago

    Maybe try a better economy.

  • Robert Espinoza
    Robert Espinoza Month ago

    To me i make quite a bit of money from my job so id only take the 30+ option or the 20+ dollars with multiple flips i enjoy betting just becuse i find it fun and presented in the way you did i find it expeshslly fun

  • error code 1
    error code 1 Month ago

    I would totally take the $20 bet


    I could always just mug him for it

  • Сергей Федотов

    Лайк и просмотр из России. Спасибо Верт Дайдер за перевод!

  • Татьяна Капинос

    😂😂😂 You are winner! Спасибо ребятам из Vert Direr за перевод на русский🤝

  • Ricardo Haro
    Ricardo Haro Month ago

    I would take the first bet without too much hesitation. Am I the only one?

  • Trystan Govender
    Trystan Govender Month ago

    I'd take the bet if I could flip the coin

  • Сергей Арапов

    Я смотрел видео в переводе. Но вконце понял, что я должен пересмотреть его и в оригинале, потому что Дерек рискнул! )))
    I watched the video in Russian translation. But at the end of the video, I realized that I mast to revise it in the original to support Derek )))

  • ZUNE
    ZUNE Month ago

    Thanks.

  • Q C
    Q C Month ago

    VertDider's translation OK, so I came here to put my thumb up to this original video!

  • bo ptah
    bo ptah Month ago

    take the bet. you will be $10 up . Only losers turn down that bet.

  • Nastia Yakusheva
    Nastia Yakusheva Month ago

    I would not bet, because you are the one who sets the rules

  • Philip Fletcher
    Philip Fletcher Month ago

    Whatever the potential gain if you win, its still a 50/50 chance.

  • C. Larson
    C. Larson Month ago

    Man if you ever read this, you should do one where you start at $20, and tell them they 'only' (you have to use that word) have to put up $10.... Or just Google Framing Bias

    • C. Larson
      C. Larson Month ago

      That said, I LOVE your conclusion!

  • Joe King
    Joe King Month ago +1

    Rich people: you're on!!

  • Andrew
    Andrew Month ago

    Would you bet?
    Win: 1 Billion US Dollars
    Lose: Life in prison

  • Gary Crispin
    Gary Crispin Month ago

    All you proved is that there are so many stupid people out there and they're not being taught anything in school... Sad really.

  • Ploppy Ploppy
    Ploppy Ploppy Month ago

    The trouble with this bet is people are assuming it's a trick/scam. They would take this bet all day long at a bookies or stock trading, or in fact any avenue that doesn't involve apparent immediate human interaction. Most people won't take a bet if you approach them to ask them to take it - they need to initiate.

  • Michael Cox
    Michael Cox Month ago

    No. Next.

  • Mark Bisson
    Mark Bisson Month ago

    4.5 mil views at this moment. You made money on your bets.

  • Jedakiah Simonenko
    Jedakiah Simonenko Month ago

    An extra consideration is that it's not 50 50 if you doubt the sincerity of the bet, I would bet my mate who I've made bets before with because I know he will pay me, but if I know that I'm prepared to pay if I lose but I'm not so sure I will get my winnings even if I do win then that changes the odds subconsciously.

  • TheEvilJade
    TheEvilJade Month ago

    Ask a poker player who knows about loss aversion and they will always take it if it is +EV.

  • IshiAza Ishev
    IshiAza Ishev Month ago +1

    Ummmm,please stop educating the fish ... from anonymous poker pro :)

  • Fredrickson the 96th

    Weeeell....
    In the case of a single chance bet I would definitely make my current financial situation a factor. If I was financially unstable, it would take a ratio that was incredibly favourable to me. And I'm not just referring to the money, but also the winning chance. Of course that isn't really practical, as a coin toss is an almost exactly 50-50 result, depending on how you throw it. But in that position I would probably only start considering a bet if it's 75% or more in my favour.
    With a surplus of money it's a different story. I'd still want the odds to be somewhat in my favour, as completely even stakes would simply not be worth it. But I'd be much more willing to take a bet when I can afford to lose it.

  • Sabit Ullah
    Sabit Ullah Month ago

    4.5 million views already but sorry to say i'm using adblocker!

  • loopsovershit
    loopsovershit Month ago

    You're a pro 😊

  • Isaac Michelsen
    Isaac Michelsen Month ago

    I would have made the bet at $12.

  • Ausreflect Industries

    Derik.... ever heard of 2-up?
    ANZAC day??????????

  • Richard Hudson
    Richard Hudson Month ago

    I'd do it for even money...

    Offer me $12 to $10 and I would go to the bank machine, and I would flip with you all day.

    • Виктор Романов
      Виктор Романов Month ago

      "Offer me $12 to $10 and I would go to the bank machine, and I would flip with you all day" - basically every casino in a nutshell

  • Darryl Smith
    Darryl Smith Month ago

    you are to pushy I feel like its a set up.

  • J Will
    J Will Month ago +1

    The offer to do it one hundred times is not as good as it appears unless they have more than $100 on them. If, for example, they only had $30 on them, then there is at least a 12.5% chance that they will lose all their money and never make it to the 100th flip.

  • Danger Guru
    Danger Guru Month ago

    I you would be in India I bet you that you gonna loose your 20dollars

  • Julian Depaepe
    Julian Depaepe Month ago

    this video went VIRAL what is there about RUclip liking this video in the algorithm