Without a doubt. For instance, I will always take a $50 loss over any chance of a $1000 loss, because $50 one way or the other barely has in impact on my day,

Without a doubt. For instance, I will always take a $50 loss over any chance of a $1000 loss, because $50 one way or the other barely has in impact on my day, let alone my life. $1000, on the other hand is significant. If however, the questions had been about $500 vs. $10,000, I'd have to think a bit more carefully.