BREAKING: The Clippers will be forfeiting the 2029 Indiana Pacers pick obtained via the Zubac trade, but that the pick will not be returned to the Pacers.
@danwoff98@WestHam I like that he isn’t starting, I would probably have him over Kante, but Kante just has moments of magic that Orford doesn’t have. Bringing Orford on @60 minutes gives us proper legs for the final 30 mins.
@blwiertz@Londonmaxxing@GoogleDeepMind Just bollocks, these top students were always staying in London. Nothing to do with brexit, never give credit to the single worst decision in the UK’s history.
An MIT professor offered his class a coin flip: win $125 or lose $100. Most students said no. Then he proved refusing was the smart move, and it explains why you're bad with money.
The bet is a steal on paper. Flip a coin, win $125 or lose $100. Do the math and you come out $12.50 ahead on average. It's what economists call a more than fair bet. Most of the room still turned it down.
They weren't being dumb. They were being human.
Here's the idea underneath it. You don't actually care about dollars, you care about how much each dollar changes your life. And the dollars you already have are worth more to you than the ones you might win. So losing $100 stings harder than winning $125 feels good.
Then he pushed it further. He told the class he'd force them into that winning bet unless they paid to walk away. How much would they pay? The answer, with their standard math, was $43. People will hand over almost half their money to dodge a bet that's tilted in their favor.
That's not weakness. That's a law of how the mind values risk, and it has a name: risk aversion.
And it's the whole reason insurance exists. Being uninsured is just this coin flip in disguise. You quietly pay to never be the person who gets wiped out, even when the math says the odds are on your side.
Once you see it, you notice it everywhere. Every warranty, every premium, every bet you've refused. You weren't being irrational. You were pricing the fear.
@agazdecki Just Pivot to something else. Somethings work others don’t, just don’t spend too much capital & time testing something that has given you zero flowers
@triolojules@LStoerseth San Fran is a shit city, so many scam artists not making real products. It is the city of VC, so tech people move there. That is it.
@Roydini25@WestHam_Central I agree, but my comment has nothing to do with this. My comment has to do with the quality of our players taking their chances. That is all