3 ms·
> It's better to win than lose. Mathematically that's just not true. In objective terms not winning an extra $100 is exactly the same as losing $100. This psy
by aianus 11y ago
> It's better to win than lose.
Mathematically that's just not true. In objective terms not winning an extra $100 is exactly the same as losing $100.
This psychological fallacy (called 'loss aversion') is the primary reason the average player loses at poker. They're afraid of losing $100 when they might be behind but they constantly fail to extract that extra $100 value bet when they know they're likely ahead.