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Tempered loss aversion is the better way to approach things when there is no upper limit to winning, but the lower limit to losing is getting kicked out of the
by vharuck 5y ago
Tempered loss aversion is the better way to approach things when there is no upper limit to winning, but the lower limit to losing is getting kicked out of the game. It's why "the house always wins" is true even for fair casino games.
The hard part is getting the right balance.