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Picture yourself at a Las Vegas poker table, hol
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ding a bad hand 鈥?one with a very low chance of winning. Even so, the sight of the large stack of chips that piled up during a recent lucky streak nudges you to place a large bet anyway.Why do people make high-risk decisions 鈥?not only in ca
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sinos, but also in other aspects of their lives 鈥?even when they know the odds are stacked against them?A team led by a Johns Hopkins biomedical engineer has found that the decision to 鈥渦p the ante鈥?even in the face of long odds is the result of an internal bias that adds up over time and involves a 鈥減ush-pull鈥?dynamic between the brain鈥檚 two hemispheres.Whether you are suffering from a losing streak or riding a wave of wins, your cumulative feelings from each preceding hand all contrib
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ute to this nudge factor, they say. A paper on the study is to be published online the week of Jan. 7 by the journal Proceedings of the National Academy of Sciences.Insights from the research have the potential to shed l KARACHI:After its worst week since February 2009, the KSE-100 Index opened with a bang, ending its seven-day losing streak.Banking, cement and oil stocks propelled the index forward as shares included in the MSCI Pakistan Index led the gainsBy close on Monday, the benchmark KSE 100
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-share Index increased 1,565.63 points or 3.22% to close at 50,120.93.Elixir S
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ecurities, in its report, stated Pakistan equities broke the seven-day losing streak after opening gap up."The index increased steadily during the day as notable blue chips across major sectors including MSCI EM co
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nstituents bounced back on buying reportedly by locals institutional investors as they cherry-picked names after the recent bout of heavy FII sell off in days leading up to and post MSCI transition," said analyst Ali Raza.Emerging market investors to return over time, says PSX"Investors also tracked news flow pertaining to global crude, where Saudi-led alliance cut ties with Qatar that led to an intra-day surge in crude pr