alt Hacker NewsIf you're already losing and losses are capped past some point (worst case just kill yourself), high stakes gambling is quite logical. Of course in reality, gamblers are rarely driven by game-theoretical analysis.
If you're already losing and losses are capped past some point (worst case just kill yourself), high stakes gambling is quite logical. Of course in reality, gamblers are rarely driven by game-theoretical analysis.
I think we're trying really hard to rationalize a fundamentally irrational behavior here. The vast majority of people betting on Kalshi are not thinking "well, worst case I'll just kill myself".