Not sure if anyone pointed this out, but in a situation where you don’t trust the organizer, the proper execution of 1A is a lot easier to verify than the proper execution of 1B, 2A and 2B.
1A minimizes your risk of being fooled by some hidden cleverness or violation of the contract. In 1B, 2A and 2B, if you lose, you have to verify that the random number generator is truly random. This can be extremely costly.
In option 1A, verification consists of checking your bank account and seeing that you gained $24,000. Straightforward and simple. Hardly any risk of being deceived.
Not sure if anyone pointed this out, but in a situation where you don’t trust the organizer, the proper execution of 1A is a lot easier to verify than the proper execution of 1B, 2A and 2B.
1A minimizes your risk of being fooled by some hidden cleverness or violation of the contract. In 1B, 2A and 2B, if you lose, you have to verify that the random number generator is truly random. This can be extremely costly.
In option 1A, verification consists of checking your bank account and seeing that you gained $24,000. Straightforward and simple. Hardly any risk of being deceived.