Squares and Sharps, Suckers and Sharks: The Science, PsychologyPhilosophy of Gambling

Squares and Sharps Suckers and Sharks The Science PsychologyPhilosophy of Gambling People have been gambling in one form or another for as long as history itself Why Money entertainment escape and a desire to win are all traditional explanations Arguably however these are seco

  • Title: Squares and Sharps, Suckers and Sharks: The Science, PsychologyPhilosophy of Gambling
  • Author: Joseph Buchdahl
  • ISBN: 9781843448587
  • Page: 266
  • Format: Paperback
  • People have been gambling, in one form or another, for as long as history itself Why Money, entertainment, escape and a desire to win are all traditional explanations Arguably, however, these are secondary considerations to a higher order purpose a craving for control Gambling offers a means of gaining authority over the unknown, granting us a sense of control over unPeople have been gambling, in one form or another, for as long as history itself Why Money, entertainment, escape and a desire to win are all traditional explanations Arguably, however, these are secondary considerations to a higher order purpose a craving for control Gambling offers a means of gaining authority over the unknown, granting us a sense of control over uncertainty Almost always that sense is illusionary gambling, including betting and investing, is essentially random yet for many it is nonetheless profoundly rewarding This book attempts to explore the reasons why Along the way, it examines the science of probability and uncertainty, why gambling is often condemned, the difference between expectation and utility, the irrationality of human beings, evolutionary perspectives on gambling, luck and skill, market efficiency and the wisdom of crowds, why winners take all, cheating, and why the process matters than the outcome.

    One thought on “Squares and Sharps, Suckers and Sharks: The Science, PsychologyPhilosophy of Gambling”

    1. A well-researched book providing a multi-faceted insight and analysis of the mind of the whole spectrum of gamblers: from the professional to the mug punter. Everyone is a gambler to some extent, so even those who don't actually place bets can take something from this book. This work essentially explores decision making under uncertainty, and in my view, can sit proudly amongst the canon of works by Daniel Kahneman, Nate Silver and Nassim Nicholas Taleb (fortunately, it is far more digestible th [...]

    Leave a Reply

    Your email address will not be published. Required fields are marked *