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

TBPN Insight
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.”
Tyler Cowen Jul 20, 2026 ▶ 29:37 Tyler Cowen Doesn't Think America Should Ban Chinese AI Models
WTF Opinion
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.”
Debargo "DD" Das Aug 29, 2025 ▶ 2:15:46 Inside Silicon Valley’s VC Playbook | WTF is Venture Capital? - 2025 Edition | Ep. 24 · Nikhil Kamath
SOURCERY Insight
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…”
Tarek Mansoor Feb 28, 2025 ▶ 32:58 How Kalshi Built a $2 Billion Prediction Market · Sourcery with Molly O'Shea
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 …”
Rona Novick Dec 26, 2024 ▶ 16:11 What's the Right Amount of Tech to Give Kids?: A Psychologist and Parent Weigh In
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…”
Matthew Dicks Sep 3, 2024 ▶ 29:55 Matthew Dicks: The Storytelling Expert
MORE OR LESS Prediction Not checkable as stated
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.”
Sam Lessin Nov 10, 2023 ▶ 40:09 #22: Your GPT Will Make More Money Than Your Substack? Please Tell Us More… · More or Less Podcast
ACQUIRED Assertion Not checkable as stated
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.”
Charlie Munger Oct 30, 2023 ▶ 6:10 Charlie Munger (Audio) · Acquired
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.”
Michael Seibel Sep 1, 2022 ▶ 3:08 What Basic Game Theory Teaches Us About Startups · Y Combinator
Duke: Gambling is morally equivalent to voluntary market participation
“I think that that's a perfectly moral thing to do, and so that's the lens through which I view it, is that there's a market, and everybody's playing in the market, and they're voluntarily playing in the market”
Annie Duke Jul 25, 2018 ▶ 1:50:55 #37 Annie Duke: Getting Better by Being Wrong
Garg: ICOs are essentially a gambling use case
“In some sense ICOs are kind of the gaming use case, right? It's kind of like a gambling, it's a gambling use case, right? And like, that's actually kind of what's happening is people are just gambling as real money.”
Avichal Garg May 2, 2018 ▶ 27:06 Crypto Investors - Linda Xie and Avichal Garg · Y Combinator

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