Quotes About Gambles

Many unfortunate human situations unfold [. . .] where people who face bad options take desperate gambles, accepting a high probability of making things worse in exchange for a small hope of avoiding a large loss. The thought of accepting the large sure loss is too painful, and the hope of complete relief is too enticing, to make the sensible decision that it is time to cut one's losses.

But of course the main reason that decision theorists study simple gambles is that this is what other decision theorists do. The field had a theory, expected utility theory, which was the foundation of the rational-agent model and is to this day the most important theory in the social sciences.

She believed I would stop loving her if I knew the truth. All the gambles she took, and she never took the one that mattered most. One in a thousand is better odds than zero, but zero is what she settled for. Because how could I love her if I couldn't see her?

Flipping the gains to losses flips the types of behavior. When losses are likely, reckless gambles become acceptable (lower left cell).

I have done many comedy films. Success of films like 'Partner,' 'Singh is Kinng' gets you to a very wide audience reach. But for greater gains, you need to take greater gambles. If it works, you get respect and recognition.

While I can't conceive that this business will ever seem enough, an end of itself, to make up a satisfactory life, yet the busy-ness, the activity, the crises, the gambles, the management problems I must face, the judgment about people, all combine to make something far from dull.

company built around the instincts, impulses, and gambles of its leader?