Originally Posted by
SoFloFlyer
The word you’re looking for is “pride”
All great responses from a number of you. The only concern I have is if this gets voted down, the company will drag this out until the amendable date, the economy tanks, and now we’re at the table with a bad economy and no leverage.
Of course, this might not happen, but there is a possibility of it
https://en.m.wikipedia.org/wiki/Prospect_theory
The key is knowing if you are weighing those probabilities correctly and possibly convincing yourself one way or another. Only you can know that for yourself.
Within the Prospect theory is also the certainty principle. Basically people tend to protect the certainty of an outcome even though it’s more advantageous to risk a little bit.
Example: option A. You can have $100 with 100% certainty. Option B. You can have a 70% chance at $200 or a 30% chance at nothing.
Psychologically most people pick option A even though statistical math easily says Option B is the correct choice.