Loss Aversion, or ‘How Tiger Woods lost a $1 Million’

You’re offered a gamble on a coin toss:

If it’s heads, you lose £100.

If it’s tails, you win £150.

Would you take the offer?

Despite the fact that you stand to win more than you can lose, and your chances of either outcome are equal, you probably don’t like the offer.

Read more: Attest – Official Publication

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s