Imagine you go up that same $1,000 in the first half hour but now, over the next hour and a half, you can’t seem to win a hand and lose $900 back, ending the night with a $100 win. How does that feel? Now imagine that you lost that same $1,000 in the first half hour but then went on a winning streak to end the night down only $100. How does that feel? Most likely, you’re pretty glum about the $100 win but still buying drinks for everyone after recovering from that terrible start to only lose $100. So you’re sad that you won $100 and happy that you lost $100. The way we field outcomes is path
...more
