This isn’t even necessarily a risk thing, like would be analogous to the claim. If the reward is small, it also raises the question of friction costs. Taking the prize now has no ongoing cost. Taking it at a later date has a sizable upfront cost and a small ongoing cost.
This isn’t even necessarily a risk thing, like would be analogous to the claim. If the reward is small, it also raises the question of friction costs. Taking the prize now has no ongoing cost. Taking it at a later date has a sizable upfront cost and a small ongoing cost.