I think the poker example is not so good for this board because people here tend to think in EV terms at least wrt poker. "Who Wants to be a Millionaire" provides a good example of Allais' Paradox. Suppose you are at the $32000 question and use your last lifeline the 50/50 giving you 2 possible choices. You have absolutely no clue which one is the correct answer. You can walk away with a guaranteed $16000 or can take a guess where 50% of the time you win 32000 and 50% of the time you win $1000. Guessing has a higher expected value especially if you consider that a correct guess leads to more money potential. Yet, how often do people walk away with the $16,000. And how often would you walk away instead of guess.