Yep. tl;dr - people over value loses, and undervalue gains. If we have a coin toss game where head=5$ for me and tails=5$ for you, you will only play if the g

Yep. tl;dr - people over value loses, and undervalue gains. If we have a coin toss game where head=5$ for me and tails=5$ for you, you will only play if the game is something like 70 / 30 in your favor.