Vítavædd
Vítavædd is an Icelandic term that translates roughly to "doom wager" or "bet on ruin." It refers to a situation where individuals or groups make decisions or take actions that are clearly detrimental, often with a sense of foreboding or resignation. This can manifest in various contexts, from personal choices to societal trends.
The concept is deeply rooted in Icelandic folklore and historical accounts, where the harsh realities of life,
While not a formal economic or psychological term, vítavædd captures a specific cultural understanding of risk-taking