people playing: 76, servers online: 25, games played: 142,000,000 Top Player: Imperial

  Toribash Community » General » Discussion
Register FAQ General Rules Community
Closed Thread
 
Thread Tools Display Modes
Old Aug 26, 2018   #1
@Flesh
StreamChamp!
 
4th Dan Black Belt
Join Date: Jun 2013
Posts: 228
Clan: Lifted



The Anger of Betters Explained
Say you're in a betting server and the server's packed. People are betting 5k, 10k, 20k, even 50k at times. Over and over, you see people gain profits and say nothing, but lose profits and go apeshit. Why is that? I'll attempt to explain that here today, starting by naming what principle is a bigger part of:

Loss Aversion

Loss Aversion goes something like this:

You're in a dueling server, in spectator mode, and [insert dueler's name here] enters the room and asks if you'd like to flip a coin and bet your 512x Head Texture VS their 512x Head Texture, which are both equal in value due to being the same item. More than likely, you'd decline this offer. This is where Loss Evasion comes into play.

On average, people feel losses more than they feel wins, which makes them feel the value of losses roughly twice as much. Let's give you a scenario where you'd probably hesitate to take the bet, but wouldn't decline it instantly.

You're in a dueling server, in spectator mode, and [insert dueler's name here] once again asks if you'd like to flip a coin, but this time, they sweeten the pot. For your 512x Head Texture, they offer two 512x Head Textures. You'd probably still decline this offer, though the outcome is 50/50, and you'd leave with three times as much as you had when you entered the server. This scenario gives you an offer that, more than likely, has zero worth to you, since you probably weigh losses twice as much as you'd weigh a win.
EX-Modmaker Squad 2k18 | Sm4sh Ganondorf/Samus Main | Modshop | Absolute T R A S H
Uncle Carl's Garage Basement Thumb Wrestling Championship: Final Match Edition.

Last edited by Flesh; Aug 27, 2018 at 12:57 AM..
Flesh is offline  
Old Aug 26, 2018   #2
>Smaguris
ub3r
 
Master Belt
Join Date: Jan 2014
Posts: 2,702
Clan: Adventure



I think you're talking about loss aversion. Anyways, is there something you want to discuss about this?
I buy stuff for USD, PM me
Smaguris is offline  
Old Aug 27, 2018   #3
@Flesh
StreamChamp!
 
4th Dan Black Belt
Join Date: Jun 2013
Posts: 228
Clan: Lifted



I just wanna see what people say about this and if they think it's true.
EX-Modmaker Squad 2k18 | Sm4sh Ganondorf/Samus Main | Modshop | Absolute T R A S H
Uncle Carl's Garage Basement Thumb Wrestling Championship: Final Match Edition.
Flesh is offline  
Old Aug 27, 2018   #4
>Smaguris
ub3r
 
Master Belt
Join Date: Jan 2014
Posts: 2,702
Clan: Adventure



It's proven to be true so of course it is. It's also a matter of character though. Some have it high, some don't have it at all.
I buy stuff for USD, PM me
Smaguris is offline  
Old Aug 27, 2018   #5
@Flesh
StreamChamp!
 
4th Dan Black Belt
Join Date: Jun 2013
Posts: 228
Clan: Lifted



I just wanted to be smart. D:
EX-Modmaker Squad 2k18 | Sm4sh Ganondorf/Samus Main | Modshop | Absolute T R A S H
Uncle Carl's Garage Basement Thumb Wrestling Championship: Final Match Edition.
Flesh is offline  
Old Aug 27, 2018   #6
Origanami
Member
 
Black Belt
Join Date: Mar 2018
Posts: 347



That thread makes me wanna go and decline some duels. Great thread!
Be Unique. Be Textured.
Origanami is offline  
Old Aug 27, 2018   #7
TyZi
it is i, tyzerino gambino las vegas marino honda civic
 
Belt
Join Date: Jun 2009
Posts: 8,860



The discussion board is used for sensible and structured discussion regarding debatable matters. Valid topics have room for points to be made from conflicting sides that can be asserted with appropriate evidence or opinion. Before creating a thread think carefully if your topic would be better suited to the Off-Topic board.

Not discussion material, and I don't really think it's Off-topic material either; there isn't much to talk about here.


Help Squad
Questions, Applications? PM me!
also responds to "tizzy patric!K!"
TyZi is offline  
Closed Thread


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +1. The time now is 03:19 AM.




Powered by vBulletin® Version 3.8.2
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
ragdoll fighting game physics fighting game ragdoll fighting physics funmotion joints martial arts karate pc mac free game turn based game