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Quote by Kelli Russell Agodon

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Hourglass Museum

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Kelli Russell Agodon
Kelli Russell Agodon

Kelli Russell Agodon is an American poet born in 1969. Her poetry is celebrated for its unique style and profound emotional expression. Agodon's works often explore themes of personal experience, nature, and the human condition. more

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“At the end of the week, when we sat down to dinner, all eyes went to the trays on the table, where browned-to-perfection mini corn dogs cuddled up against a variety of dipping sauces. “This is the best thing that’s ever happened to me.” A lineman wiped a tear from his eye. “It’s like Christmas,” I said, all choked up. “I love you, Coach.” The quarterback’s bottom lip quivered. We dove into the pile of savory sausages, watched NFL football, and forgot our aches, pains, and camp struggles.”

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“And now, at last, we are here. Now Eric fingers his glass and questions me hopefully, while the music of Muthaiga marches through our talk, and festive people clasp hands, revive old toasts -- and make bets on tomorrow's Leger. One hundred pounds -- two hundred pounds... "Has the filly a chance?" "Against Wrack? Of course not." "Don't be too sure... don't be too sure. Why, I remember..." Well, that's what makes a horse-race.”

UncertaintyBetsHorse Race
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“But if it is crazy to turn down the 100 bets, the logic of Samuelson's argument is just reversed; you should not turn down one! Shlomo and I called this phenomenon "myopic loss aversion". The only way you can ever take 100 attractive bets is by first taking the first one, and it is only thinking about the bet in isolation that fools you into turning it down.”

Decision MakingBettingBehavioral EconomicsBets
Book:Misbehaving: The Making of Behavioral Economics
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