choice

People are unlikely to bet against their own preferences in sports or politics, new research suggests, even when such “emotional hedging” may be in their interest.

The issue: Imagine you are offered to bet against your ideal political candidate or favorite team — to bet the Yankees will beat the Red Sox when you are an incorrigible Sox fan, for example, or your favorite politician for president. What’s more, the bet is free. No need to lay out any cash; there’s no risk to you.