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casino: you go there and they get u for every dime you got. So why is it so much fun? Is gambling an exciting pastime, or a vicious addiction?


All forms of gambling involve risk taking, but is risk taking a sufficient condition for gambling? Gambling involves luck, but is luck a coherent concept? John introduces the guest, Will Barrett, research fellow at the University of Melbourne, to help answer these questions. Could a non-addicted person rationally choose to gamble? Barrett thinks she could, depending on what she expects to get out of it. John asks if buying a weekly lottery ticket is reasonable given that he doesn't think he'll win. Ken says that he is a lucky guy and he will let that belief guide his poker playing in the future. John points out that belief in luck seems similar to the gambler's fallacy. Barrett says we need to distinguish between gambling that involves some sort of skill from gambling that only involves chance. If you are able to employ skills of some kind in a game, then you can rationally engage in gambling. Games in which there is no possibility of using skills cannot be rationally played. it think people like gambaling for two reasons either they really need the money so they take their chances on paying the light or water bill. reason #2 or it's a hobby because they got money to ******** blow! evil