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whilst insurance plan is usually distinguished from gambling because of the requirement of the insurable desire, the equal in gambling is solely betting from a single's individual best pursuits (e.g., a sports coach betting in opposition to his individual staff to mitigate the economic repercussions of the getting rid of time).
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Ratio bias. Gamblers will desire gambles with even worse odds which might be drawn from a large sample (e.g., drawing one purple ball from an urn made up of 89 purple balls and eleven blue balls) to higher odds which have been drawn from a small sample (drawing one particular red ball from an urn containing nine pink balls and 1 blue ball).[sixty]
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