jimrandomh comments on On dollars, utility, and crack cocaine - Less Wrong

13 Post author: PhilGoetz 04 April 2009 12:00AM

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Comment author: jimrandomh 04 April 2009 01:44:06PM 2 points [-]

I am unimpressed by arguing against gambling in general because it's average dollar payoff is negative. That argument is ridiculous.

Then the problem is with the argument, not the conclusion. A better argument against gambling is to observe what happens to gamblers, who generally end up broke.

Comment author: timtyler 04 April 2009 02:15:57PM 3 points [-]

That's habitual gamblers. Gambling is OK sometimes - for example, if it helps you to obtain your ferry fare home, thus saving you a long walk.