WHY ARE WE DRAWN TO LOW PROBABILITY?

Summary from the TLDR Founders newsletter

Why do we chase risky bets even when the odds are stacked against us? Whether it's gambling on stocks or skipping seatbelts, people often focus on the slim chance of a reward, overlooking the significant risks. It's a mix of wanting to feel in control and convincing ourselves that “it won't happen to me.” Investors, too, fall into this trap, chasing big gains while underestimating just how rare those wins are. A more grounded approach would focus on weighing risks against probabilities, rather than being swayed by the allure of potential rewards.