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How long do people stay around if they lose every time? In an ideal world, people using Robin Hood would "win" like 49% of the time. Enough to keep them coming
by brianwawok 9y ago
How long do people stay around if they lose every time?
In an ideal world, people using Robin Hood would "win" like 49% of the time. Enough to keep them coming back like the casino, but let's not be unrealistic and expect some guys clicking around to out trade wall-street.
- perl4ever 9y agoPeople don't get discouraged if they don't connect their failures to those profiting. Compulsive gamblers just need a way to avoid making the connection. There is a stock that I used to follow that kept plummeting indefinitely - it would very frequently issue more stock, so you could (and did) always have the opportunity to lose 90% or more of your investment. But maybe once in several years, there was a spike in the stock price, so apparently people kept putting more money in hoping it would happen again and/or believing in endless rationalizations why the printing of stock was finally over. There are people out there who, even when it's really obvious they are being regularly and systematically fleeced, will continue to bet on the idea that it can't go on forever.