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Behavioral brain teaser: Which of these buttons should you press for the best chance at the most money? [1]

['David Pescovitz']

Date: 2022-08-17

"You are only allowed to press TWO times — to receive a potentially nice monetary award," writes Cliff Pickover. "Which buttons do you press, and in what order?"

buttons: ptashka/Shutterstock

Check the Twitter thread for discussion of odds, risk aversion, and Daniel Kahneman and Amos Tversky's "Prospect Theory" that was one of the contributions to economics that won Kahneman a 2002 Nobel Memorial Prize. As SimplyPsychology explains, "The prospect theory holds that individuals are more influenced by the possibility of a loss than the prospect of an equivalent gain."

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