#ClassicalReality Risk or Gamble The difference is that with | Human Nature

#ClassicalReality

Risk or Gamble

The difference is that with a risk, if you lose, you can recover: your reputation will suffer no long-term damage, your resources will not be depleted, and you can return to your original position with acceptable losses. With a gamble, on the other hand, defeat can lead to a slew of problems that are likely to spiral out of control. With a gamble there tend to be too many variables to complicate the picture down the road if things go wrong. The problem goes further: if you encounter difficulties in a gamble, it becomes harder to pull out--you realize that the stakes are too high; you cannot afford to lose. So you try harder to rescue the situation, often making it worse and sinking deeper into a hole that you cannot get out of. People are drawn into gambles by their emotions: they see only the glittering prospects if they win and ignore the ominous consequences if they lose. Taking risks is essential; gambling is foolhardy. It can be years before you recover from a gamble, if you recover at all.

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@Laws_of_Human_Nature