Gambling
topic on 8 shows · 10 statements across 10 episodes
Acquired
the Y Combinator Startup Podcast
More or Less
the Knowledge Project
WTF is with Nikhil Kamath
Sourcery
Big Technology
TBPN
10 statements about Gambling, every show
Anti-Smoking Campaigns Succeeded Because Secondhand Smoke Directly Annoyed Bystanders
“I think the campaign against smoking worked, because people like me hated it when someone next to them would light up, or on a plane, or in a movie theater. If someone, if my next to a neighbor gambles, whatever, on their phone, on the airplane, I don't care.”
Das: Gambling is always a good investment if legal
“Gambling will always happen, will always be good as long as it's legal. So people, it's a vice. It's a vice investment. People like to speculate and make money off of it.”
Mansoor: The difference between finance and gambling is natural risk
“The difference is actually about whether the underlying thing, like the thing that you're actually engaging in, has actually some sort of economic, social, cultural relevance outside of the act of placing the trade, right? Like, and so, so it's like, is it art…”
Novick: Tech companies prioritize profit by building gambling-like apps for teens
“Many of them who make technology for young people do not have young people's mental health, Or growth or learning as their bottom line. They have profits. So they create technology that is Very much like gambling, that sets up the same behavioral consequences …”
Dicks: Gambling's grip is driven by prediction psychology, not money
“It's essentially just a prediction. It's an out loud prediction about something that's going to happen because human beings are prediction machines. That's why gambling is so difficult for people. It's not really the money as much as it is. I think the Cowboys…”
Sam Lessin: AI will force the creation of human-only gambling spaces
“I think it's actually more online betting is fucked, right? Like, whereas you can't, basically you're going to need to create spaces that are human only for things like gambling.”
Munger claims Warren Buffett never gambled heavily as a casino patron
“Well, but Warren never gambled heavily as a patron. Warren wanted the odds in his favor, not somebody else. It's just so simple if you're Warren. You want the house, you want to be the house, not the punter.”
Seibel: Gambling exploits human desire for disproportionate wins without work
“Like, I would almost say that it takes advantage of an inherent flaw in our programming. And I think that flaw has something to do with getting disproportionate wins Without the perception of doing disproportionate amount of work.”