Buying happiness: how to invest if you want to be cheerful

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• 00:07

  You should be excited.

• 00:08

  This is your chance to get hypothetically very rich indeed.

• 00:12

  Josh Roberts is our capital markets correspondent.

• 00:15

  He's been looking at a way of investing that's meant to optimize our happiness.

• 00:19

  And he has three games of dice to explain it.

• 00:21

  So, Ethan, Mike, have you got your dice in front of you?

• 00:24

  Yes.

• 00:25

  I got mine from Dan Asher, our producer.

• 00:28

  It's an abnormally large dice.

• 00:30

  I have it to hand now.

• 00:32

  I always keep my pair of trusty pocket dice not too far away on my person.

• 00:37

  Well, brilliant.

• 00:38

  So I'm going to get you to play some bets or more accurately ask you how you feel about some bets.

• 00:45

  So the first game we're going to play, you've got a six-sided dice in front of you.

• 00:49

  And the game is that you roll the dice and you're going to win your score in dollars.

• 00:56

  So for anyone who paid attention in probability class.

• 00:59

  how much would you be willing to pay to play that game?

• 01:02

  How much do we win, sorry?

• 01:03

  You win a dollar for every dot on the dice.

• 01:06

  So $6 for six dots.

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