It’s rational to take the certain outcome if gambling causes psychological stress. Notwithstanding that stress is intrinsically unpleasant, it increases your risk of peptic ulcers and stroke, which could easily cancel out the expected gain.
It’s rational to take the certain outcome if gambling causes psychological stress. Notwithstanding that stress is intrinsically unpleasant, it increases your risk of peptic ulcers and stroke, which could easily cancel out the expected gain.