Take the following as truth: But there's no need for woolly notions of regret to explain why someone would rather have $1 million than a shot at $5 million, but would rather have a shot at $5 million than a slightly better shot at $1 million.
Then the following statement: "Someone would rather have a shot at $5 million than a guaranteed $1 million." is true, false, or inconclusive?
Answer: False