Pay-Now-Or-Pay-Later Decision

Pay-Now-Or-Pay-Later Decision
[From a 1980's television commercial for FRAM oil filters which showed a ruined car engine and a mechanic who quipped: "You can pay me now, or you can pay me later."]  The problem of whether to take a modest but definite risk on the current turn or wait and perhaps take a more serious risk in the future.

 

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