Why do people 'play the longshot' and buy insurance? It's in our genes
Monday, January 11, 2010 - 11:14
in Psychology & Sociology
Why do some people like to take risks by playing "longshot" payoffs while, on the other hand, taking the opposite tack by buying insurance to reduce risks? A team of economists and molecular geneticists from the Hebrew University of Jerusalem and two Asian universities say the answer can be found in our genetic makeup.