Interesting thought experiment on how we judge risks.

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.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s