Quote from: danherbias07 on Today at 07:50:38 AM

Quote from: nara1892 on April 09, 2024, 11:23:22 AM

Everyone has their own point of view on the value of money, such as the viewpoint of the rich and the poor on money which for the rich may be the amount of $100 is meaningless but for the poor it is very valuable, but if we talk about gambling then obviously this has nothing to do with rich or poor because it all depends on each person's point of view on the value of money which means that rich or poor they have to take a level of risk that suits their financial situation, or it means putting a budget amount that they can afford to be responsible for if they lose in the end, so of course there is no idea who should take a bigger risk between the rich or the poor, because after all it is best to take the risk that suits your ability.

I agree with this. We cannot just compare the level of risk that both take because there are rich people who are also protective of their money, they don't like spending too much and so they get richer in the process. And there are rich people who don't like gambling because it's a waste of money and time especially those who are focused on their businesses.
The poor on the other hand may also have the same idea. Those who work hard trying to be rich won't be urged to gamble that easily because their focus is to accumulate more money through hard work and not the rushed way where the risk is too high.

I guess it depends on the habits of each individual and not their status in life. A poor could gamble just because he wants to while the rich can too because he has more access to money. I think I can only say that the rich can gamble more composed because of their deep pockets while the poor will be stressed out easily with just a 1-10 losing streak because they badly need to win a round to keep on playing.

Yes because it is not something that can be compared, as I said above that everyone has their own point of view on the value of money, which in general may be like what I said above that $100 is an amount that does not mean much to a rich person but for a poor person it may be an amount that can extend his life for the next few weeks, on the other hand yes I agree with you that usually rich people have a different point of view towards money where they prioritize developing rather than squandering money, and in any case they will usually only spend money on something that does have great potential to be profitable such as doing business, and this is one of the reasons that in my opinion rich people gamble with the aim of just relieving stress in the middle of their empty time and not to generate because logically they already have a recipe or formula to generate wealth.

Rich people prioritize a rational mindset in terms of responding to anything they find, such as gambling which is nothing more than an "uncertain" activity that has no guarantee of any results. I understand that yes there may be poor people who have a good mindset that is based on rational considerations but sometimes there are poor people who are unable to think rationally where they try to use gambling as an opportunity to get a lot of money to get rich, this is what is worried about, but in the end as I said that risk taking in gambling does not depend on a person's background of rich or poor which means they are only allowed or advised to take a level of risk that suits their financial situation.