The Gambler - Revision history

Fractalguy: /* The Ethics of Gambling */

2025-10-31T13:31:00Z

The Ethics of Gambling

← Older revision		Revision as of 13:31, 31 October 2025
Line 74:		Line 74:

	{{#ev:youtube\|https://www.youtube.com/watch?v=1q5CHulFv9o\|\|center\|Everything in America is Gambling Now\|frame}}		{{#ev:youtube\|https://www.youtube.com/watch?v=1q5CHulFv9o\|\|center\|Everything in America is Gambling Now\|frame}}
			<br>
			{{#ev:youtube\|https://www.youtube.com/watch?v=9Ii1ROzeSwU\|\|center\|Exposing the Gambling Epidemic\|frame}}
	<br>		<br>
	{{#ev:youtube\|https://www.youtube.com/watch?v=4XWn4u151hQ\|\|center\|America is losing big on sports betting\|frame}}		{{#ev:youtube\|https://www.youtube.com/watch?v=4XWn4u151hQ\|\|center\|America is losing big on sports betting\|frame}}

Fractalguy: /* The Ethics of Gambling */

2025-08-12T17:51:30Z

The Ethics of Gambling

← Older revision		Revision as of 17:51, 12 August 2025
Line 74:		Line 74:

	{{#ev:youtube\|https://www.youtube.com/watch?v=1q5CHulFv9o\|\|center\|Everything in America is Gambling Now\|frame}}		{{#ev:youtube\|https://www.youtube.com/watch?v=1q5CHulFv9o\|\|center\|Everything in America is Gambling Now\|frame}}
			<br>
			{{#ev:youtube\|https://www.youtube.com/watch?v=4XWn4u151hQ\|\|center\|America is losing big on sports betting\|frame}}
	<br>		<br>
	Skip the first 15 minutes if you just want to hear the gambling part.		Skip the first 15 minutes if you just want to hear the gambling part.

Fractalguy: /* The Ethics of Gambling */

2025-05-11T03:36:44Z

The Ethics of Gambling

← Older revision		Revision as of 03:36, 11 May 2025
Line 74:		Line 74:

	{{#ev:youtube\|https://www.youtube.com/watch?v=1q5CHulFv9o\|\|center\|Everything in America is Gambling Now\|frame}}		{{#ev:youtube\|https://www.youtube.com/watch?v=1q5CHulFv9o\|\|center\|Everything in America is Gambling Now\|frame}}
			<br>
			Skip the first 15 minutes if you just want to hear the gambling part.
			{{#ev:youtube\|https://www.youtube.com/watch?v=rhh6RCjBwoM\|\|center\|Michael Lewis (on the gambling epidemic)\|frame}}

	== Could Have ==		== Could Have ==

Fractalguy: /* The Ethics of Gambling */

2025-05-11T03:33:11Z

The Ethics of Gambling

← Older revision		Revision as of 03:33, 11 May 2025
Line 65:		Line 65:

	== The Ethics of Gambling ==		== The Ethics of Gambling ==
	On a related note, gambling is actually a pretty bad way to get your dopamine. It's rather [[addictive]], but unlike most [[Addiction\|addictions]] where you exchange [[money]] for a thing and that thing gives you dopamine, gambling cuts out the middle man in the money to dopamine chain.		On a related note, gambling is actually a pretty bad way to get your dopamine. It's rather [[addictive]], but unlike most [[Addiction\|addictions]] where you exchange [[money]] for a thing and that thing gives you dopamine, gambling cuts out the middle man in the money to dopamine chain. It is also the only [[addiction]] with the insidious [[incentive]] that more gambling has a small chance of reversing all of the negative effects of previous gambling. This line of thinking is not open to people with other [[Addiction\|addictions]] like [[drugs]].

	Modern [[wikipedia:Sports_betting\|sports betting]] apps are one of the most popular ways of gambling, and the rise of the [[manosphere]] was built on the [[money]] that sports betting apps have pumped into [[podcast]] [[marketing]]. However, these apps are designed to leverage your fan loyalties and push [[wikipedia:Proposition_bet\|prop bets]] and [[wikipedia:Parlay_(gambling)\|parlays]] that have much worse odds than our [[brains]] are able to estimate. The apps are designed to [[wikipedia:Manipulation_(psychology)\|manipulate you psychologically]] towards forming an [[addiction]] to making the worst possible bets. If you refuse to follow their [[incentives]] and consistently make good bets, they simply kick you off.		Modern [[wikipedia:Sports_betting\|sports betting]] apps are one of the most popular ways of gambling, and the rise of the [[manosphere]] was built on the [[money]] that sports betting apps have pumped into [[podcast]] [[marketing]]. However, these apps are designed to leverage your fan loyalties and push [[wikipedia:Proposition_bet\|prop bets]] and [[wikipedia:Parlay_(gambling)\|parlays]] that have much worse odds than our [[brains]] are able to estimate. The apps are designed to [[wikipedia:Manipulation_(psychology)\|manipulate you psychologically]] towards forming an [[addiction]] to making the worst possible bets. If you refuse to follow their [[incentives]] and consistently make good bets, they simply kick you off.

Fractalguy: /* Everything is a Probability */

2025-03-01T15:23:27Z

Everything is a Probability

← Older revision		Revision as of 15:23, 1 March 2025
Line 22:		Line 22:
	Therefore, we must evaluate what is ''most likely'' to be [[Truth\|true]], place our bets on that, and move on to more important things.		Therefore, we must evaluate what is ''most likely'' to be [[Truth\|true]], place our bets on that, and move on to more important things.

	For an excellent primer on thinking probabilistically, and how to avoid the pitfalls of our natural inability to do so, read [https://www.goodreads.com/book/show/38315.Fooled_by_Randomness Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb].		For an excellent primer on thinking probabilistically, and how to avoid the pitfalls of our natural inability to do so, read [https://www.goodreads.com/book/show/38315.Fooled_by_Randomness Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets] by [[wikipedia:Nassim_Nicholas_Taleb\|Nassim Nicholas Taleb]]. [[wikipedia:Nassim_Nicholas_Taleb\|Taleb]] is widely considered the foremost [[authority]] on randomness, uncertainty, and [[complexity]].

			[https://www.goodreads.com/book/show/177058906-fluke Fluke: Chance, Chaos and Why Everything We Do Matters] by [[wikipedia:Brian_Klaas\|Brian Klaas]] is another excellent [[book]] that helps change your [[perspective]] on randomness using [[chaos theory]], [[complexity]], and showing the difference between freak accidents and [[inevitable]] outcomes of [[self-organizing]] systems.

	This video talks about his theory of fragility and robustness in [[complex systems]] and how these can lead to volatility and "[[wikipedia:Black_swan_theory\|black swan events]]."		This video talks about his theory of fragility and robustness in [[complex systems]] and how these can lead to volatility and "[[wikipedia:Black_swan_theory\|black swan events]]."

Fractalguy: /* What is Most Likely? */

2025-02-15T03:30:26Z

What is Most Likely?

← Older revision		Revision as of 03:30, 15 February 2025
Line 7:		Line 7:
	== What is Most Likely? ==		== What is Most Likely? ==

	When it comes to the unknowable and unverifiable things in [[life]], like [[supernatural]] beings or the [[subjective]] experience of the [[afterlife]], you can either fold your hand like an [https://en.wikipedia.org/wiki/Agnosticism agnostic] or go ''all in'' on the version of [[reality]] that you think is most likely to be true.		When it comes to the unknowable and unverifiable things in [[life]], like [[supernatural]] beings or the [[subjective]] experience of the [[afterlife]], you can either fold your hand like an [https://en.wikipedia.org/wiki/Agnosticism agnostic] or go ''all in'' on the version of [[reality]] that you think is most likely to be [[true]].

	When you view these decisions in terms of "what is most likely?" as opposed to "what can be proven beyond any doubt?" it makes it much easier to come to a decision, place your bets, and move on with your [[life]].		When you view these decisions in terms of "what is most likely?" as opposed to "what can be proven beyond any doubt?" it makes it much easier to come to a decision, place your bets, and move on with your [[life]].

Fractalguy: /* RIP Kenny Rogers */

2025-02-15T03:28:56Z

RIP Kenny Rogers

← Older revision		Revision as of 03:28, 15 February 2025
Line 136:		Line 136:
	<br>		<br>
	{{#ev:youtube\|https://www.youtube.com/watch?v=bESGLojNYSo\|\|center\|Lady Gaga - Poker Face\|frame}}		{{#ev:youtube\|https://www.youtube.com/watch?v=bESGLojNYSo\|\|center\|Lady Gaga - Poker Face\|frame}}
			<br>
			{{#ev:youtube\|https://www.youtube.com/watch?v=0TkbE32lCVs\|\|center\|Mark Knopfler - You Can't Beat The House\|frame}}

Fractalguy: /* RIP Kenny Rogers */

2025-02-15T03:27:45Z

RIP Kenny Rogers

← Older revision		Revision as of 03:27, 15 February 2025
Line 132:		Line 132:

	{{#ev:youtube\|https://www.youtube.com/watch?v=7hx4gdlfamo\|\|center\|Kenny Rogers - The Gambler\|frame}}		{{#ev:youtube\|https://www.youtube.com/watch?v=7hx4gdlfamo\|\|center\|Kenny Rogers - The Gambler\|frame}}
			<br>
			{{#ev:youtube\|https://www.youtube.com/watch?v=X69P_Vce9vw\|\|center\|Frank Sinatra - Luck Be A Lady\|frame}}
			<br>
			{{#ev:youtube\|https://www.youtube.com/watch?v=bESGLojNYSo\|\|center\|Lady Gaga - Poker Face\|frame}}

Fractalguy: /* Everything is a Probability */

2025-02-11T11:51:06Z

Everything is a Probability

← Older revision		Revision as of 11:51, 11 February 2025
Line 22:		Line 22:
	Therefore, we must evaluate what is ''most likely'' to be [[Truth\|true]], place our bets on that, and move on to more important things.		Therefore, we must evaluate what is ''most likely'' to be [[Truth\|true]], place our bets on that, and move on to more important things.

	For an excellent primer on thinking probabilistically, and how to avoid the pitfalls of our natural inability to do so, read [https://www.goodreads.com/book/show/38315.Fooled_by_Randomness Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb]. This video talks about his theory of fragility and robustness in [[complex systems]] and how these can lead to volatility and "black swan events."		For an excellent primer on thinking probabilistically, and how to avoid the pitfalls of our natural inability to do so, read [https://www.goodreads.com/book/show/38315.Fooled_by_Randomness Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb].

			This video talks about his theory of fragility and robustness in [[complex systems]] and how these can lead to volatility and "[[wikipedia:Black_swan_theory\|black swan events]]."

	{{#ev:youtube\|https://www.youtube.com/watch?v=iEnmjMgP_Jo\|\|center\|Nassim Nicholas Taleb: How to Live in a World we Don't Understand\|frame}}		{{#ev:youtube\|https://www.youtube.com/watch?v=iEnmjMgP_Jo\|\|center\|Nassim Nicholas Taleb: How to Live in a World we Don't Understand\|frame}}

Fractalguy: /* Everything is a Probability */

2025-02-11T11:50:33Z

Everything is a Probability

← Older revision		Revision as of 11:50, 11 February 2025
Line 22:		Line 22:
	Therefore, we must evaluate what is ''most likely'' to be [[Truth\|true]], place our bets on that, and move on to more important things.		Therefore, we must evaluate what is ''most likely'' to be [[Truth\|true]], place our bets on that, and move on to more important things.

	For an excellent primer on thinking probabilistically, and how to avoid the pitfalls of our natural inability to do so, read [https://www.goodreads.com/book/show/38315.Fooled_by_Randomness Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb].		For an excellent primer on thinking probabilistically, and how to avoid the pitfalls of our natural inability to do so, read [https://www.goodreads.com/book/show/38315.Fooled_by_Randomness Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb]. This video talks about his theory of fragility and robustness in [[complex systems]] and how these can lead to volatility and "black swan events."

	{{#ev:youtube\|https://www.youtube.com/watch?v=~~6kVgIfMMeWM~~\|\|center\|~~Dr.~~ Nassim Taleb: ~~Fragility, Robustness, and Antifragility~~\|frame}}		{{#ev:youtube\|https://www.youtube.com/watch?v=iEnmjMgP_Jo\|\|center\|Nassim Nicholas Taleb: How to Live in a World we Don't Understand\|frame}}

	== Faith is What You Bet On ==		== Faith is What You Bet On ==

← Older revision		Revision as of 15:23, 1 March 2025
Line 22:		Line 22:
	Therefore, we must evaluate what is ''most likely'' to be [[Truth\|true]], place our bets on that, and move on to more important things.		Therefore, we must evaluate what is ''most likely'' to be [[Truth\|true]], place our bets on that, and move on to more important things.

	For an excellent primer on thinking probabilistically, and how to avoid the pitfalls of our natural inability to do so, read [https://www.goodreads.com/book/show/38315.Fooled_by_Randomness Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb].		For an excellent primer on thinking probabilistically, and how to avoid the pitfalls of our natural inability to do so, read [https://www.goodreads.com/book/show/38315.Fooled_by_Randomness Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets] by [[wikipedia:Nassim_Nicholas_Taleb\|Nassim Nicholas Taleb]]. [[wikipedia:Nassim_Nicholas_Taleb\|Taleb]] is widely considered the foremost [[authority]] on randomness, uncertainty, and [[complexity]].

			[https://www.goodreads.com/book/show/177058906-fluke Fluke: Chance, Chaos and Why Everything We Do Matters] by [[wikipedia:Brian_Klaas\|Brian Klaas]] is another excellent [[book]] that helps change your [[perspective]] on randomness using [[chaos theory]], [[complexity]], and showing the difference between freak accidents and [[inevitable]] outcomes of [[self-organizing]] systems.

	This video talks about his theory of fragility and robustness in [[complex systems]] and how these can lead to volatility and "[[wikipedia:Black_swan_theory\|black swan events]]."		This video talks about his theory of fragility and robustness in [[complex systems]] and how these can lead to volatility and "[[wikipedia:Black_swan_theory\|black swan events]]."