The principle is simple: when your own money is at stake, you tend to be careful. But when you can play with others’ money and expect a very high reward for success and no punishment for failure, the incentives for irresponsible risk-taking become enormous.
这条原则很简单：当你自己的钱面临风险时，你会小心翼翼。但当你可以操控他人的金钱，成功有赏，失败却无罚时，肆无忌惮冒险的欲望就会急剧膨胀。