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103 posts

Master Geek


# 103390 6-Jun-2012 11:24
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So is anyone else drawn in by this chance to go into space or is it just me?

I'm quite happy with my Nokia C7 (mostly cause I've got it all set up the way I want with decent offline GPS and my FM transmitter for music) so never really thought about switching out to android.

I do however, want a chance to go into space :)

I've been thinking about how I could do this.. I could buy a phone from jbhifi for $950, and a vodafone SIM and go on the prepay SMART $25 plan for that period to be in the draw and then sell the phone afterwards.

What do you guys think? bit too much?

Now I would be able to port my 2 degrees number to vodafone for that period and then back again, that would be even better!

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  # 636569 6-Jun-2012 11:31
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If you believe you can afford $950 plus the $25 and that's a fair price to pay for entry into the draw then go for it.

If you are happy knowing that if you don't win and want to sell the phone afterwards then you will most likely lose money (albeit hopefully not much) from selling it then go for it.




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  # 636573 6-Jun-2012 11:42
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How many entries are there likely to be in the contest? I'd expect your odds would be reasonably good, compared to, say, a Lotto ticket. Work out how much it will cost you for an entry, and compare with spending that money on an alternative - winning a decent Lotto prize could get you enough dosh for a ride into the blue. Also compare the potential joy of the space trip with the definite joy of whatever else you could spend that money one.
Or forget rational consideration, and go with your gut!

 
 
 
 


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  # 636583 6-Jun-2012 12:00
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Maybe you should buy more than one!

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  # 636593 6-Jun-2012 12:17
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how many Galaxy SIII are vodafone likely to sell in the timeframe of the competition.
10,000? (pure guess)

If that is the case then your chances of winning a prize valued at 270,000 would be 1/10,000 with a cost ot enter of whatever you need to spend (over and above what you might have alreayd spent)

Assuming the above is correct, then if your cost to enter is less than $27, then the expected return woudl suggest you should do it.

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  # 636608 6-Jun-2012 12:29
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NonprayingMantis: how many Galaxy SIII are vodafone likely to sell in the timeframe of the competition.
10,000? (pure guess)

If that is the case then your chances of winning a prize valued at 270,000 would be 1/10,000 with a cost ot enter of whatever you need to spend (over and above what you might have alreayd spent)

Assuming the above is correct, then if your cost to enter is less than $27, then the expected return woudl suggest you should do it.

You've failed to consider expected utility theory.

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  # 636674 6-Jun-2012 13:58
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NonprayingMantis: how many Galaxy SIII are vodafone likely to sell in the timeframe of the competition.
10,000? (pure guess)

If that is the case then your chances of winning a prize valued at 270,000 would be 1/10,000 with a cost ot enter of whatever you need to spend (over and above what you might have alreayd spent)

Assuming the above is correct, then if your cost to enter is less than $27, then the expected return woudl suggest you should do it.


The logic is flawless and I approve this message. XD




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