The Psychology Behind Taking Risks
Jan 9, 2015
While being offered 10, 15, and 20 dollars, strangers are asked if they're willing to bet on a coin to win the money or give up 10 dollars. Treating the bet as an allegory for taking risk in life, the way people respond invokes a very interesting thought.
Making bets isn't an unusual occurrence and it's even encouraged in many areas. Places like casinos and racing tracks all encourage a bit of gambling. Here, Veritasium takes it to the streets to see just how much people are willing to wager.