What happens is that when people are winning they think themselves as being lucky that day and they do not want that luck to run out, I know it does not make sense as luck cannot possibly run out but that is the way they think, so they keep gambling trying to obtain more profits.
But as you may guess at some point they are not as lucky anymore and they begin to lose money, that would be a good moment to stop and call it a day, but then people do not want to stop at that point as now they feel they have lost money, even if in their accounts there is more money than when they began their session, this pushes them to keep gambling and eventually to have a losing session despite having such a promising start.
But as you may guess at some point they are not as lucky anymore and they begin to lose money, that would be a good moment to stop and call it a day, but then people do not want to stop at that point as now they feel they have lost money, even if in their accounts there is more money than when they began their session, this pushes them to keep gambling and eventually to have a losing session despite having such a promising start.
Such behavior may be to some extent conditioned by classical literature. As you know, many authors were avid players and they transferred their prejudices to their books. And now some diligent students (who diligently read books in school
) have the same prejudices that play against them. Very ironic.