Life is a game with large inequities and incomplete information - much like poker.
Everybody starts with different stack sizes/different cards
Many different strategies can work - no one strategy is the best
Balancing risk
Taking no risk will mean that you will never another chip
By taking a risk you acknolegde that you may “get unlucky” and loose
Recency Bias
Increasing Risk tolerance when you are in a hole
Playing to your strengths and finding assymetric upside