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by vacuity
252 days ago
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> I don't think it's reasonable to compare the risk of suffering a large loss with the risk of missing out on a large gain. If your annual income is $N, missing out on a gain of $N is bad, but not nearly as bad a suffering a loss of $N. - A comment I saw elsewhere on HN today It's quite rational, in many cases, to consider loss of an object X worse than gain of X. A less rigorous example I like to use: it's far easier, and unequal, to kill a person than revive a person. |
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