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High risk, high reward. Drug lords offer wealth, rich, or just a job, etc. Look at people doing lottery, etc. Poor uneducated people tend to do it. If people a
by Joakal 7y ago
High risk, high reward. Drug lords offer wealth, rich, or just a job, etc.
Look at people doing lottery, etc. Poor uneducated people tend to do it. If people are more educated, they will tend to avoid unnecessary risks (in part because stable jobs = eventual goal achievement).
- RandomBacon 7y agoI read a brief post by someone why made decent money smuggling drugs in a prop plane across the US. He only did it a couple of times (didn't let greed take over). He didn't go into details, but I imagine some people feel like they can mitigate the risk, or don't have much to lose.
- ngold 7y agoI remember reading that you have 2 years max to make money and get out before your guaranteed to get busted. It was a fun book. Personally I wouldn't recommend the lifestyle choice.
- GreeniFi 7y ago...your investment may go up as well as down...
- RandomBacon 7y agoWhat book was that?
- chewz 7y ago> If people are more educated, they will tend to avoid unnecessary risks I can assure you that education has nothing to do with it. Educated / better off people will take similiar risk/reward decisions just at different point of utility function. What is different is that having a little more money gives you some breathing space and allows you to optimize risk/reward over longer term which usually is leading to smarter decisons. https://brilliant.org/wiki/utility-functions/ https://brilliant.org/wiki/utility-functions/
- Proven 7y agoThat doesn't make sense. If some people don't play, profits go up for the rest that do. High risk high reward becomes high risk higher reward.