Thinking about Different Scales of Money
Money Matters: Make Your Choice
Test your decision-making skills with our engaging quiz on financial choices! Whether you're an aspiring entrepreneur or simply curious about the value of money, this quiz will challenge you to weigh risks and rewards.
- Explore various financial scenarios
- Make choices that could impact your financial future
- Learn about the psychology of spending and saving
You are yourself with your allowance money. Would You Rather:
Win R$300
Flip a coin for R$1000
You are yourself with your allowance money. Would You Rather:
Lose R$300
Flip a coin to either lose nothing or lose R$1000
You are an adult in University. You are still not working getting an income in any way. Would You Rather:
Win $5 Million
Flip a coin for $100 Million
You are going traveling with your family and renting a car. Would You Rather:
Get full Insurance on the car.
Not get any insurance for the car.
You are the CEO, but not the owner, of a large company. Sometimes, your employees travel for business trips, and the company rents out cars for them. The company usually rents around 1000 cars per year. Would You Rather:
Get full insurance on all the cars
Not get any insurance on any of the cars
You are the CEO, but not the owner, of a large company. Would You Rather:
Purchase expensive insurance for your factory and buildings
Not purchase any insurance for your factory or buildings
You are a manager of a department of a large conglomerate that has an annual budget of $2 Billion. The budget for your department to make investments into growth and R&D is $50 Million. Would You Rather:
Make a $40 Million investment that has a 60% chance or netting 200 Million over the next 5 years, concentrated on the last 2 of those years, but has a 40% chance of losing the initial investment.
Make 4 $10 Million investments that each has an 80% chance of returning $12 Million within the next year and a 20% chance of returning $7 Million (Losing $3 Million)
You are the CEO and 20% owner of a large conglomerate that has an annual budget of $2 Billion. You have 12 different departments that act mostly in different sectors of the economy. Would You Rather
Each department make a $40 Million ($480M total) investment that has a 60% chance or netting 200 Million (Up to $2.4B) over the next 5 years, concentrated on the last 2 of those years, but has a 40% chance of losing the initial investment.
Each department take on 4 $10 Million investments ($480M total) that each has an 80% chance of returning $12 Million (Up to $576M) within the next year and a 20% chance of returning $7 Million (Losing up to $144 Million)
The difference between the expected value of the choices the CEO would favor and the choices that managers actually make is very significant in many companiues. In a high-performing company analysed by Harvard Business Review, this difference was 32% of total earnings.
The difference between the expected value of the choices the CEO would favor and the choices that managers actually make is very significant in many companiues. In a high-performing company analysed by Harvard Business Review, this difference was 32% of total earnings.
Would You Rather:
Get $2,000 right now
Increase Brazil's Real GDP by $2 Billion this year compared to what it would have otherwise
You need to replace your sofa. Would you rather:
Buy a sofa today that will arrive today for R$4000
Buy the same sofa that will arrive in about 2 weeks for R$1000
You are in charge of the HR department for a tech company valued at $30 Billion. Your department has an annual budget of $300 Million, and it is now December 15 and you still have $20 Million. A sofa in your worker's lounge just broke. Would you rather:
Spend $2,000 on a medium range sofa that will arrive today
Spend $500 on the same medium range sofa that will arrive in 2 weeks
Spend $20,000 on a very high end sofa that will arrive today
Spend $5,000 on the same very high end sofa that will arrive in 2 weeks
You are a left wing polititian that was elected to a great extent for your support of generous labor laws and worker's rights. As part of an infrastructure bill, you want to build some high speed railways in your country. This is already a very expensive project, and it is also 6 months until your next elections. Would you rather:
Provide government workers working on the railway and who will operate the railway generous salaries, a recognized union, 40 annual vacation days and protection from being fired without due cause
Provide government workers working on the railway wages and benefits equivalent to those they would recieve in the private sector, but save $30 Billion on the project and finish it in 8 years instead of 10
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