The quantity of a mans pleasure from a ten dollar gain does not exactly match the quantity of his displeasure from a ten dollar loss. Charlie Munger

Here's a riddle for you. Option A has an 85% chance of winning $100 and Option B has a sure gain of $85. Which one do you choose?

It is quite probable that you chose Option B, presumably because you thought of yourself as a conservative person. A bird in hand is worth two in the bush, right? Maybe not.

Let's try a similar riddle, with changed...