Why People Lose a Fortune at the Netherlands Casino

Why do people lose so much at the Netherlands Casino? In this video, we look at the #1 reason for this – it’s simple, psychological, and really surprising.

Source: Judgment and Decision Making, Vol. 1, No. 2, November 2006, pp. 153–158 – “The rich get richer and the poor get poorer:On risk aversion in behavioral decision-making”