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Someone once said, and there’s a lot of merit to it, “The money won is twice as sweet as money earned.”

Once, long time ago, I wrote a paper about how things of financial nature a very different for us gamblers. For most people the dollar they stand to lose is far more valuable than the dollar they stand to win. For us gamblers it’s the opposite.

Damn, it totally amazes me that with all my knowledge and understanding of economy, risk, probability, utility of money, marginal utility of money etc etc, I still managed to degrade myself to a compulsive gambler. Very peculiar, indeed. 🙁