The main issue for me is that if I win this bet I either won’t be around to collect on it, or I’ll be around but have much less need for money. So for me the bet you propose is basically “61% chance I pay SDM $22 in 10 years, 39% chance I get nothing.”
Jonas Vollmer helped sponsor my other bet on this matter, to get around this problem. He agreed to give me a loan for my possible winnings up front, which I would pay back (with interest) in 2030, unless I win in which case the person I bet against would pay it. Meanwhile the person I bet against would get his winnings from me in 2030, with interest, assuming I lose. It’s still not great because from my perspective it amounts to a loan with a higher interest rate basically, so it would be better for me to just take out a long-term loan. (The chance of never having to pay it back is nice, but I only never have to pay it back in worlds where I won’t care about money anyway.) Still though it was better than nothing so I took it.
The main issue for me is that if I win this bet I either won’t be around to collect on it, or I’ll be around but have much less need for money. So for me the bet you propose is basically “61% chance I pay SDM $22 in 10 years, 39% chance I get nothing.”
Jonas Vollmer helped sponsor my other bet on this matter, to get around this problem. He agreed to give me a loan for my possible winnings up front, which I would pay back (with interest) in 2030, unless I win in which case the person I bet against would pay it. Meanwhile the person I bet against would get his winnings from me in 2030, with interest, assuming I lose. It’s still not great because from my perspective it amounts to a loan with a higher interest rate basically, so it would be better for me to just take out a long-term loan. (The chance of never having to pay it back is nice, but I only never have to pay it back in worlds where I won’t care about money anyway.) Still though it was better than nothing so I took it.