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Archive for the ‘gambling’ tag

Minecraft, Tekkit and protecting your losses

Posted on 20th Nov 2012 at 07:14 by David Hing with 7 comments

David Hing
There is a very human compulsion to throw good money after bad. Once you have invested in something you are likely to continue investing even if it's a logically bad thing to do because you're trying to buy your way back up to zero and mitigate your losses.

Suddenly you go from trying to make money to trying to make sure you don’t lose as much. It can also easily destroy a day if the currency you are investing is time.

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