I finally had this come up naturally. I offered a coin flip, my $15 against his $10. He declined. Then I offered two coinflips—if both were heads, I got his $10, otherwise he got my $15. He declined. He has an explicit injunction against gambling. In the second case, he said “Well that I would accept” and I asked “Okay, do you accept it? Because I’m offering” and he said ”...no, I’d feel bad if I took your $15, or if I lost my $10″. (paraphrased)
I found a person that claimed an injunction against it as well, but I decided to put it off to see if I could get him to make the bet when he wasn’t self primed with his injunction against gambling.
He said “I don’t like gambling”, and then claimed nonlinear utility at bets risking $10, but he accepted $1.5 risking $1.
I finally had this come up naturally. I offered a coin flip, my $15 against his $10. He declined. Then I offered two coinflips—if both were heads, I got his $10, otherwise he got my $15. He declined. He has an explicit injunction against gambling. In the second case, he said “Well that I would accept” and I asked “Okay, do you accept it? Because I’m offering” and he said ”...no, I’d feel bad if I took your $15, or if I lost my $10″. (paraphrased)
Thanks for reminding me!
I found a person that claimed an injunction against it as well, but I decided to put it off to see if I could get him to make the bet when he wasn’t self primed with his injunction against gambling.
He said “I don’t like gambling”, and then claimed nonlinear utility at bets risking $10, but he accepted $1.5 risking $1.
I won :)