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MichaelVassar comments on Misleading the witness - Less Wrong
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Actually, if he has the $1M, I'm in. I don't have $100K liquid in any normal sense but I could certainly raise it for such a deal and divide the risk and return up among a few people.
He does not have (even in this hypothetical situation) a million bucks. Hypothetically, he's being offered a 15% chance of winning a million bucks.
Incidentally, in a staggering display of risk aversion, I asked a friend how much she'd pay for a 15% chance of a million dollars and she said maybe twenty bucks because those did not seem like "very good odds" to her. -.-