@SquirrelwithaninvisibleW@mastodon.social
Post #4239625
2026-07-30 11:32 UTC
@david_chisnall@infosec.exchange @davidnjoku@mastodon.world yet most people would take the £50k even with a zero cost option of the chance of £1m.
Replies (1)
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@david_chisnall@infosec.exchange 2026-07-30 11:49
@SquirrelwithaninvisibleW@mastodon.social @davidnjoku@mastodon.world Exactly. That's the loss-avoidance strategy. You are given £50K and told that it will be taken away if you flip the coin and lose. Even though a one in two chance of getting a 20x return is a much higher average return.