Treating money as a linear measure of value breaks down when the amounts get sufficiently large. The marginal utility of $10,000,000 is not simply 10 x the marginal utility of $1,000,000 for one thing (for someone who is not already wealthy). Also, for really large amounts of money such that they represent a significant fraction of the total money supply the linear relationship does not even hold ignoring the marginal utility—owning all the money in the world is not simply 100 x more valuable than owning 1% of all the money in the world.
Then of course there is the problem that nobody would take the bet with you since they would know you can’t possibly pay if they were to win. Unless it’s Goldman Sachs taking the bet and they know the government will print the money and bail you out if they win.
Treating money as a linear measure of value breaks down when the amounts get sufficiently large. The marginal utility of $10,000,000 is not simply 10 x the marginal utility of $1,000,000 for one thing (for someone who is not already wealthy). Also, for really large amounts of money such that they represent a significant fraction of the total money supply the linear relationship does not even hold ignoring the marginal utility—owning all the money in the world is not simply 100 x more valuable than owning 1% of all the money in the world.
Then of course there is the problem that nobody would take the bet with you since they would know you can’t possibly pay if they were to win. Unless it’s Goldman Sachs taking the bet and they know the government will print the money and bail you out if they win.