Quote from: Chibit01 on Today at 02:43:04 PM

I totally agree, loss aversion are in different forms, one is being too hesitant. People use the delay tactic out of hesitation to avoid losses and when they finally decide to stake on a particular round they end up losing. Just like you said gamblers chase their losses as a way to avert losses only to end up losing more money. Losing doesn't come with a good feeling and sometimes coming to terms with reality after losing is quite difficult, this is why a lot of gamblers try to chase what they have already lost by gambling more, once you are trapped in this loop losing is inevitable.

Chasing a loss that has occurred or chasing a win is one of the irresponsible behaviors in gambling, people like this are usually people who are not ready to lose their money in gambling, and people like this are usually people who have high hopes for gambling until they feel tense and afraid to lose the money they bet and when the reality happens is losing money they can't accept it and then a desire to recover the loss arises which drives them to fall deeper into gambling. When someone is trapped in this circle, not only is defeat unavoidable but with themselves being addicted, defeat seems like something that is being pursued even though they have lost many times but with the encouragement of wrong thoughts or mindsets, they continue to gamble. The reason many people are trapped is because they cannot accept the defeat that occurred and this is actually wrong behavior.