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Preference for likely results. When gambles are chosen through a choice approach – when people today point out which gamble they prefer from the list of gambles (e.g., acquire/drop, above/beneath) – people today are likely to prefer to wager on the result that is certainly additional more likely to manifest.
Though insurance policies is sometimes distinguished from gambling because of the prerequisite of an insurable fascination, the equal in gambling is solely betting in opposition to a person's possess ideal passions (e.g., a sports coach betting in opposition to his have team to mitigate the monetary repercussions of a dropping season).
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