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Most gamblers prescribe to the cost sunk fallacy and keep 'one more time'ing it to bankruptcy. Math wins over your feels every time.
by firebot 6mo ago
Most gamblers prescribe to the cost sunk fallacy and keep 'one more time'ing it to bankruptcy.
Math wins over your feels every time.
- OutOfHere 6mo agoIf you follow your math, such gambling losers don't really have that much money to bet on an ongoing basis. The ones who support the losing side on prediction markets are the ones who usually do fine, but sometimes are taken by surprise.
- casey2 6mo agoStatcon 101: Gambling addicts take loans to gamble, those loans are sold to your pension fund. Who is the loser?
- bigfatkitten 6mo agoProblem gamblers routinely take out loans, mortgage major assets, max out credit cards, and steal from their employers to fund their habits.
- stouset 6mo agoOut of curiosity, are you aware of the existence of Las Vegas, Nevada?