Where your hard-earned money comes to die. Home.
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why is losing $250k of house money and different than having it stolen?
| laughsome clown selfie | 01/12/18 |
| Beady-eyed halford | 01/12/18 |
| laughsome clown selfie | 01/12/18 |
| Beady-eyed halford | 01/12/18 |
| abnormal thirsty marketing idea fortuitous meteor | 01/12/18 |
| Chartreuse roast beef giraffe | 01/12/18 |
| laughsome clown selfie | 01/12/18 |
| Demanding church building | 01/12/18 |
| Angry Azn | 01/12/18 |
| Beady-eyed halford | 01/12/18 |
| exhilarant immigrant | 01/13/18 |
Poast new message in this thread
Date: January 12th, 2018 9:46 PM Author: laughsome clown selfie assuming the same impact on your day to day life? the fucking house money effect seems irrational but everyone mentions being cool losing fuck tons of money bc it’s just “house money.” bro if i lost 1m of “house money” i might fucking off myself (http://www.autoadmit.com/thread.php?thread_id=3857901&forum_id=7#35144223) |
Date: January 12th, 2018 9:55 PM Author: Beady-eyed halford if u lose it trading that's your decision. having it stolen from you was not (http://www.autoadmit.com/thread.php?thread_id=3857901&forum_id=7#35144258) |
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Date: January 12th, 2018 9:56 PM Author: laughsome clown selfie or just lost 250k of your own investment then. either way i lost $250,000. you see my point here, no? it’s bizzare that people think about the same amount of money differently in different situations. house money buys just as much shit as any cash you put in (http://www.autoadmit.com/thread.php?thread_id=3857901&forum_id=7#35144263) |
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Date: January 12th, 2018 9:58 PM Author: Beady-eyed halford obv both would suck. but it's just the psychology man- you take more risks with something you perceive to have gotten for free (gambling) than you would money you had to slave away wagecucking for (http://www.autoadmit.com/thread.php?thread_id=3857901&forum_id=7#35144280) |
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Date: January 12th, 2018 10:05 PM Author: abnormal thirsty marketing idea fortuitous meteor This. Takes way more man hours to earn your initial capital. (http://www.autoadmit.com/thread.php?thread_id=3857901&forum_id=7#35144303) |
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Date: January 12th, 2018 11:28 PM Author: Chartreuse roast beef giraffe (http://www.autoadmit.com/thread.php?thread_id=3857901&forum_id=7#35144883) |
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Date: January 12th, 2018 10:16 PM Author: laughsome clown selfie ^whoops this goes in the chain above
True but either way you’re not getting those man hours back. I can see psychologically why it’d hurt more to lose money you swear. Rationally it shouldn’t matter though. Full disclosure I’ve read a ton of behavioral Econ so I’ve consciously learned to ignore most common irrational thought pattern like the house money effect. Those can lead to bad decisions (eg being way too risky with house money) |
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Date: January 12th, 2018 11:28 PM Author: Demanding church building Flame jumped the shark at learning to ignore most irrational thought patterns. You are still just an ape, faggot. (http://www.autoadmit.com/thread.php?thread_id=3857901&forum_id=7#35144876) |
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Date: January 12th, 2018 11:36 PM Author: Angry Azn Brother, if in your modified hypo above you can’t differentiate between losing 250k in profit after banking back your initial investment and losing a 250k initial investment without banking anything, there’s not much anyone is going to be able to do to explain it to your 105 IQ ass. (http://www.autoadmit.com/thread.php?thread_id=3857901&forum_id=7#35144929) |
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Date: January 12th, 2018 11:41 PM Author: Beady-eyed halford lol (http://www.autoadmit.com/thread.php?thread_id=3857901&forum_id=7#35144976) |
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Date: January 13th, 2018 1:24 AM Author: exhilarant immigrant The difference is in the mentality of the investor. With "house money", you are more likely to hodl. Which has been a good thing for 95% of crypto in the last 5 years. HTH (http://www.autoadmit.com/thread.php?thread_id=3857901&forum_id=7#35145628) |