Suppose that 100 million Americans are each given $100 and needs to decide whether to:
- Buy a pair of jeans, or
- Contribute $100 to a system protecting earth from collisions with asteroids.
(These are the only two options as far as spending these $100.)
The probability that an asteroid is deflected is equal to the proportion of these 100 million Americans who decide to give $100 toward asteroid protection.
Suppose that each of the 100 million Americans attaches a value of $1 to an increase of 1% in the chance of asteroid deflection.
Also suppose that each each of the 100 million Americans attaches a value of $100 to the pair of jeans they could buy instead of giving to asteroid protection.
Which of the following statements is true?
i am wondering why its "regardless of how many others given to asteroid protection."