You are working this summer babysitting your neighbor’s kids. You have to work 5 hours a day, Monday through Friday. Your neighbor says that she will give you two choices with how she will pay you.

Choice #1: Your neighbor will give you $15 a day for the summer.

Choice #2 – Your neighbor will give you $0.01 for the first day that you babysit. Then, every day after, she will double your pay. So each day you will make double what you did the day before.

Which option would you choose? Why would you choose this?

Question

You are working this summer babysitting your neighbor’s kids.  You have to work 5 hours a day, Monday through Friday.  Your neighbor says that she will give you two choices with how she will pay you.
 
Choice #1:  Your neighbor will give you $15 a day for the summer.
 
Choice #2 – Your neighbor will give you $0.01 for the first day that you babysit.  Then, every day after, she will double your pay.  So each day you will make double what you did the day before.
 
Which option would you choose?  Why would you choose this?