Q1.
Which of the rewards would you have chosen?
Answer
Sample answer: I would choose Choice 3 — take 1 gold coin and multiply the number of coins by 5 every day for 7 days. It ends with by far the most gold.
Here is the reasoning to share with the class.
- The starting number looks important, but it is not. Choice 1 starts with 5 coins, five times more than Choice 3. That head start is quickly wiped out.
- What matters is how fast the pile grows each day. Choice 1 grows 2 times a day, Choice 2 grows 3 times a day, Choice 3 grows 5 times a day.
- Multiplying again and again piles up very quickly. After seven days the fast-growing choice leaves the others far behind.
- So I would pick Choice 3.
A quick look at day 3
Choice 1: 5 → 10 → 20 → 40
Choice 2: 3 → 9 → 27 → 81
Choice 3: 1 → 5 → 25 → 125
Already the smallest start is winning.
Choice 1: 5 → 10 → 20 → 40
Choice 2: 3 → 9 → 27 → 81
Choice 3: 1 → 5 → 25 → 125
Already the smallest start is winning.
Why the growth rate beats the head start: Every day, Choice 3 multiplies by 5 while Choice 1 multiplies by 2. Over seven days that difference is applied seven times over, and it overwhelms any head start.