Response to Posts
Response to Post 1
After reading your post, I found out that we share one thing in common, that is being risk-seeking. I agree with you that in most cases, such a trait helps one to make progress in life. This is because, by taking risks, we can explore new ideas which could not have manifested themselves without our curiosity. Regarding the bet, one can either loose or gain the $10 as portrayed in the video but many people fear the loss forgetting about the possible gain. However, it is good to choose the amount to bet on since the loss can be unbearable, for example, when $1000 is involved. I believe that the higher the amount one bets on, the more painful the loss. I also concur with you that everyone has the tendency of being inclined towards gaining rather than winning and this shows how we all fear losses.
Response to Post 2
You have indicated that you can be risk-seeking when there is more to gain than to lose. I believe that this is a common trait among many other individuals since they want to gain. However, it is hard to gain without having to risk losing. This means that in various aspects of one’s life, risk is viewed as an ingredient that determines how successful people can be at any given time. From your post, I can see that you are willing to take multiple bets for $10 each so long as they are financially viable. I think this is a way to go for many people, but when it comes to betting a considerable amount at a go, it would be hard to make such a decision. This is because the higher the perceived loss, the harder to accept that offer.
“Would You Take This Bet?”. Youtube, 2019, https://www.youtube.com/watch?v=vBX-KulgJ1o.
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