Okay, imagine this: you're offered a choice. A guaranteed $100, or a 50/50 shot at $200 (or nothing). Most people pick the $100. Now, what if it's a guaranteed *loss* of $100, or a 50/50 shot at losing $200 (or nothing)? Suddenly, risking the bigger loss feels more appealing. Why are we so bad at symmetry when money's involved?
Okay, imagine this: you're offered a choice. A guaranteed $100, or a 50/50 shot at $200 (or nothing). Most people pick the $100. Now, what if it's a guaranteed *loss* of $100, or a 50/50 shot at losing $200 (or nothing)? Suddenly, risking the bigger loss feels more appealing. Why are we so bad at symmetry when money's involved?
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