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Lifestyle
General Lifestyle
Las Vegas & Sedona
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<blockquote data-quote="cnd_beancounter" data-source="post: 11033" data-attributes="member: 445"><p>GAAP and IFRS do not apply when it comes to Casinos and wives. There are no clear or mandatory reporting standards for internal reporting... ie the wife.</p><p></p><p>Money available to wife = sunk cost.</p><p></p><p>Stolen from Wiki</p><p></p><p>In economics and business decision-making, sunk costs are retrospective (past) costs that have already been incurred and cannot be recovered.<strong> (IE. You just lost your ass at the tables or gave your wife your credit card)</strong></p><p><strong></strong></p><p></p><p>Evidence from Behavioral economics suggests this theory fails to predict real-world behavior. Sunk costs greatly affect actors' decisions, because humans are inherently loss-averse and thus normally act irrationally when making economic decisions. <strong>(I felt pretty loss-averse after getting my stones kicked into my throat at the tables.)</strong></p><p></p><p>Went to Vegas with the wife.... first night I won fairly big (at least for me) about 5k. Worst thing I ever did was tell my wife. I will never make that mistake again.</p><p></p><p>I've never seen a woman put so much stuff on hold so fast. I didn't mind I figured I was up... there was NO WAY I was going to give it all back right? hahaha. </p><p></p><p>Next day stuff still on hold... some designer jewelery maybe 2k and a 500 dollar shirt she NEEDED.... I didn't mind I felt like king of the world... I decided to hit a few tables on the way.... also a big mistake... by the time i bought the stuff I was in the hole... I couldn't tell the wife I lost it... so I still had to buy the stuff on hold and play it cool... I felt my testicles suck up into my stomach that time.</p><p></p><p>I won't even get started with day three of the trip.... </p><p></p><p>Only thing you need to know in Vegas when its all said in done is.... </p><p></p><p>You broke even...</p></blockquote><p></p>
[QUOTE="cnd_beancounter, post: 11033, member: 445"] GAAP and IFRS do not apply when it comes to Casinos and wives. There are no clear or mandatory reporting standards for internal reporting... ie the wife. Money available to wife = sunk cost. Stolen from Wiki In economics and business decision-making, sunk costs are retrospective (past) costs that have already been incurred and cannot be recovered.[B] (IE. You just lost your ass at the tables or gave your wife your credit card) [/B] Evidence from Behavioral economics suggests this theory fails to predict real-world behavior. Sunk costs greatly affect actors' decisions, because humans are inherently loss-averse and thus normally act irrationally when making economic decisions. [B](I felt pretty loss-averse after getting my stones kicked into my throat at the tables.)[/B] Went to Vegas with the wife.... first night I won fairly big (at least for me) about 5k. Worst thing I ever did was tell my wife. I will never make that mistake again. I've never seen a woman put so much stuff on hold so fast. I didn't mind I figured I was up... there was NO WAY I was going to give it all back right? hahaha. Next day stuff still on hold... some designer jewelery maybe 2k and a 500 dollar shirt she NEEDED.... I didn't mind I felt like king of the world... I decided to hit a few tables on the way.... also a big mistake... by the time i bought the stuff I was in the hole... I couldn't tell the wife I lost it... so I still had to buy the stuff on hold and play it cool... I felt my testicles suck up into my stomach that time. I won't even get started with day three of the trip.... Only thing you need to know in Vegas when its all said in done is.... You broke even... [/QUOTE]
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Lifestyle
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