In my psychology class earlier today, we discussed gambling for a short bit. I can honestly say I was actually paying attention to the teacher. I think this was probably the first time all semester I can say that.
Anywho, long story short. He read off a cool line about just how many ways a person can start to examine gambling.
"Gambling can be viewed from many perspectives such as moral, mathematical, economical, social, psychological, cultural, and biological."
I did a little gambling last night and won a tournament for over $1,000 which was lovely. (FullTilt $69 SnG, 45 people).
Thursday, September 25, 2008
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1 comments:
I like what Barry Greenstein talks about, refering gamblers to an experiment done on Labrats.
If you shock a rat when he presses a button, he will not press that button again. When you give him food, when he presses the button he will, but then eventually get bored or not hungry, and won't do it again. When you first give it food, and then start to shock it, the rat will continue to press the button for a couple times, but it will then learn that something has changed, and not to press it, unless it gets really hungry it might try once or twice.
BUT, if you first give a rat food a few times, then a shock, then food a few times, then a few shocks, and after awhile, you stop randomizing it, and ONLY giving the rat shocks... the rat will eventually shock himself to death almost everytime.
The rat feels that EVENTUALLY he will "win" and his "luck will change".
Very similar to the pyschology of gambling in humans... They get lucky at first, and think that things are always like that, then when it's not, they continue to think that "they might get lucky and win, eventually enough to end up making money. In reality, they have very little chance of ever winning anything, unless they somehow can do something to gain a mathematical edge.
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