That depends on the amount of background money and randomness you have.
Although I can’t really see any case where I wouldn’t pick option five. Even if that’s all the money I will ever have, my lifespan, and by extension my happiness, will be approximately linear with time.
If you specify that I get that much money each day for the rest of my life, and that’s all I get, then I’d go for something lower risk.
That depends on the amount of background money and randomness you have.
Although I can’t really see any case where I wouldn’t pick option five. Even if that’s all the money I will ever have, my lifespan, and by extension my happiness, will be approximately linear with time.
If you specify that I get that much money each day for the rest of my life, and that’s all I get, then I’d go for something lower risk.