And if there was ever a moment in the calendar when it seems foolish to embark on market gambles , august is surely that point .
如果一年之中有那么一个时间点进入市场赌博会显得很愚蠢,那肯定就是8月。
He urges readers to counteract what he considers to be mistakes of system 1 thinking , such as the " loss aversion " that deters people from accepting favourable gambles ( such as a 50-50 chance to win $ 200 or lose $ 100 ) .
It is claimed that without a profitable banking sector ( no matter how predatory ) the economy will break down as bank losses on bad loans and gambles pull down the payments system .