Would you take £50,000 or a 50/50 chance of £1m?
More or Less

Would you take £50,000 or a 50/50 chance of £1m?

August 1, 20268 min

If you had a choice between instantly receiving £50,000 or a 50% chance to win £1m, which would you pick? When YouGov asked exactly that question to people in the UK, 73% said they would take the £50,000, while 21% opted for the 50/50 chance of winning £1m. As you may or may not have imagined, this finding provoked outrage on Twitter, with people saying the UK appeared incredibly risk averse. “This is what’s wrong with Britain,” wrote celebrity polling analyst and More or Less interviewee Nate Silver. But is the result surprising, when you know a bit more about...

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