Heads and tails (at the same time) - Deepstash

Heads and tails (at the same time)

Heads and tails (at the same time)

Consider an example:

Imagine you're placing bets on whether a tossed coin will land on heads or tails. Heads gets you $200, tails costs you $100, and you can choose to toss the coin twice. When placed in this scenario, most people choose to take the bet twice regardless of whether the initial throw results in a win or a loss, according to a study published in 1992 in the journal Cognitive Psychology . Presumably, winners bet a second time because they stand to gain money no matter what, while losers bet in attempt to recover their losses, and then some.

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vedarham29

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