Would you stake your fortune on a 100 to 1 outsider? Probably not. But what if, somewhere in a parallel universe, the straggling nag does come in first? Would the pleasure you feel in that universe outweigh the pain you feel in the one in which you've lost? Questions not dissimilar to this one occupy physicists and for entirely respectable reasons.
Guilt, so some people have suggested, is what makes us nice. When we do someone a favour or choose not to exploit someone vulnerable, we do it because we fear the guilt we'd feel otherwise. A team of neuroscientists, psychologists and economists have this month produced some new results in this area, using a model from psychological game theory.