Becoming seated, determines our risk aversion

Becoming seated, determines our risk aversion. In a game of chance where we start with 1000 gummy’s, winning an extra dozen, isn’t the opposite of losing 1000, because we enjoy the second dozen meaningfully less than the first. How many extra gummy’s we need for each one at risk is a measure of our own risk of version.

— from The Flight Plan (Purpose/Wisdom/Risk) · Missing Billionaires by Victor Haghani and James White

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