About "Double or nothing"
'Double or nothing' is a gambling term that refers to a high-risk
bet where a player risks losing their entire stake in exchange for the chance to double it. The phrase is
commonly used in poker and other gambling games, where players may choose to go 'double or nothing' after
a loss, effectively betting their previous loss on a single outcome. According to the Cambridge
Dictionary, the term 'double or nothing' signifies a situation where one either wins back what was lost or
loses everything. The concept has been widely studied in behavioral economics, with research from Stanford
University highlighting how such high-stakes decisions can trigger significant emotional responses and
impact decision-making processes. The phrase has also permeated popular culture, often symbolizing
risk-taking behavior in various contexts beyond gambling. Sources: Cambridge Dictionary - Idioms, Stanford University Psychology.