![]() ![]() ![]() ![]() Some examples of this phenomenon can easily be seen in the language of gamblers. One explanation is that gamblers poorly judge the actual probability of winning, even as their pile of tokens and coins dwindles before them. Following this logic, one would expect a gambler to only play as long as they are winning and then cut their losses when they begin to lose. We repeat jokes that people laughed at, choose jobs that we enjoy and that pay the most money, and avoid behaviors that produce fines. It's far less easy to understand why so many Americans enjoy gambling even though it tends to result in the loss of money.Īs a general rule, we tend to repeat behavior that produces desirable results and avoid behaviors that result in loss. It's not too hard to see why casino lobbyists believe casinos make a positive contribution to the communities in which they operate. Despite the fact that for an estimated 4 percent of the population gambling represents a problematic and even pathological addiction, 85 percent of Americans feel that gambling is either perfectly acceptable for themselves or if not themselves for others in a country where more than 20 states now allow some form of commercial casino. Gambling is not just common, it's also accepted. ![]() Gambling is such good business that despite reported negative impacts - such as increased poverty and unemployment, higher crime rates, and decreased property value in nearby neighborhoods - the state of Illinois early this year passed a law to allow slot machines in all establishments that sell alcohol. ![]()
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