I went to a casino once because my roommate at the time wanted to go for a bit. He even spotted me $10 because I had no cash on me. Turned that $10 in to $40, paid back the roommate and left with the $30 and never went back.
When i was in Australia, i was kinda surprised how widespread gambling was. There were some gambling machines in almost every pub. I put 5 dollars in a machine and won 50. Never ever gambled again.
There’s a study on this… I o py remember it pretty vaguely, but the tl;dr was that if people win at gambling it doesn’t hold much appeal – the initial drive to continue gambling only comes after losses. Something about ‘making up for’ anything you lost drives the addiction behaviour far more. This struck me initially as kinda counter-intuitive (you’d think that people were more motivated by behaviours with positive outcomes, right?) so it always stuck in my head…
I already know what the sunk cost fallacy is, but it’s a statement of logic, not a statement about human psychology. And also I almost never use Google as my search engine, and try not to use it as a verb any more.
I went to a casino once because my roommate at the time wanted to go for a bit. He even spotted me $10 because I had no cash on me. Turned that $10 in to $40, paid back the roommate and left with the $30 and never went back.
When i was in Australia, i was kinda surprised how widespread gambling was. There were some gambling machines in almost every pub. I put 5 dollars in a machine and won 50. Never ever gambled again.
There’s a study on this… I o py remember it pretty vaguely, but the tl;dr was that if people win at gambling it doesn’t hold much appeal – the initial drive to continue gambling only comes after losses. Something about ‘making up for’ anything you lost drives the addiction behaviour far more. This struck me initially as kinda counter-intuitive (you’d think that people were more motivated by behaviours with positive outcomes, right?) so it always stuck in my head…
Google sunk cost fallacy
No
but you already invested so much effort into this
I already know what the sunk cost fallacy is, but it’s a statement of logic, not a statement about human psychology. And also I almost never use Google as my search engine, and try not to use it as a verb any more.
New response just dropped
You sank
Alas
This is the reason behind it
Its not so bad in Australia these days, depends on which state you’re tin too but yeah, fuck gamblibg.
Did they manage to get pokies out of all the AFL clubs yet? Last I paid attention, I think there might have been a couple of holdouts.
It varies state to state with NSW being the worst still:
https://m.onlinepokies.com/state-regulations.htm
It was quite weird to see. People just staring at a machine for hours. Did they change the law?
In Japan, people literally line up around the block at pachinko parlors before they open.
Somehow the vibe is slightly less gross than watching 20 retirees just pressing the slot machine button over and over.
You can only say that you defeated the house once dead
Some people are built differently.
I have no impulsion to gamble either. But one of my family members? So much money burned at casinos.