If you had to choose between a guaranteed $100 or a 50% chance at $250, which would you take? Most people grab the sure thing. But if you play that game 100 times, you'd average $125 each time with the gamble. Why do we consistently pick less, just to avoid a small risk? It's wild how our brains are wired.
If you had to choose between a guaranteed $100 or a 50% chance at $250, which would you take? Most people grab the sure thing. But if you play that game 100 times, you'd average $125 each time with the gamble. Why do we consistently pick less, just to avoid a small risk? It's wild how our brains are wired.
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