I'll Feel Foolish if I Lose a Hundred, Even Though the Payout Is Greater Than My Potential Law

We tend to see decisions in isolation. We don't see a decision about whether i take this gamble as one of many similar decisions that i'm going to make in future. What they are we call that narrow frame. They view the situation narrowly. And that is true in all domains. So for example, we say that people are maopic thet they have a narrow time horizon. To be more rational, you want to look further in time and then you'll make better decisions.