Interesting thought experiment on how we judge risks.
January 6, 2015
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 … More Interesting thought experiment on how we judge risks.