Gambler will take the risk of picking the gambling option, even if the outcome, on average, is lower than the moderate but certain reward of the other option. Gamblers take risk. This risk is not perceived as negative either, risk taking is associated with sensation-seeking 2 (thrill seeking behaviour). This study investigated cultural differences in probabilistic thinking and risk taking. A View of Uncertainty Questionnaire assessed the probabilistic thinking of Chinese and English gamblers. What is the difference between investing and gambling that makes one rational and the other not. Barrett says that risk taking is not a sufficient condition for gambling. Investment isn't a zero-sum game, that is, there does not have to be losers if there are winners.
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Difference Between Gambling And Risk Taking A Child
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