Word: losely
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...gambling if you're willing to analyze 27 million hands of online poker. Don't have time for that? No worries; sociology doctoral student Kyle Siler of Cornell University has done it for you. His counterintuitive message: the more hands you win, the more money you're likely to lose - and this has implications that go well beyond a hand of cards...
...were for relatively small stakes. But the longer they played - and the more confident they got - the likelier they were to get blown out on one or a few very big hands. Win a dozen $50 pots and you're still going to wind up far behind if you lose a single $1,000 one. "People overweigh their frequent small gains vis-à-vis occasional large losses," Siler says...
...gamble? It's the wrong question because, actually, you do. Investing, driving, buying a house and merely crossing the street are all acts that involve discernible risks and uncertain rewards. The more small returns you get from your small investments in stocks, the likelier you are to make - and lose - a big investment. The more times you get behind the wheel and speed a little bit, the likelier you are to speed a lot - with deadlier consequences...
...These kinds of calculations are made every day," says Siler. "Adultery is another good example. People get away with it countless times but they get caught just once and they lose everything...
...other two new movies in wide release were both romantic comedies. Youth in Revolt, approximately the 67th film in which Michael Cera tries to lose his virginity, amassed $7 million on 1,873 screens - not bad at all. It managed a higher per-screen average than Leap Year, the widely reviled rom-com that sends Amy Adams to Ireland to find true love and get very wet and muddy. Leap Year took in $9.2 million. The direct competition for Adams, who played Julie in Julie & Julia, was in another romantic comedy about a woman who must choose between...