Interesting thought experiment on how we judge risks.

Posted on by mightymasai

How do we weigh risks when facing favorable odds? I found it quite intriguing seeing how we view loss and gain.

I definitely would be skeptical of betting my 10 vs his 1o bucks on a 50/50 coin toss. However betting 10 or a 100 times on my 10 vs his 20 bucks would have gotten me to place bets.

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