Squares and Sharps, Suckers and Sharks: The Science, Psychology & Philosophy of Gambling by Joseph Buchdahl

Squares and Sharps, Suckers and Sharks: The Science, Psychology & Philosophy of Gambling

byJoseph Buchdahl

Kobo ebook | May 27, 2016

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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 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 more than the outcome.

Title:Squares and Sharps, Suckers and Sharks: The Science, Psychology & Philosophy of GamblingFormat:Kobo ebookPublished:May 27, 2016Publisher:Oldcastle BooksLanguage:English

The following ISBNs are associated with this title:

ISBN:9990055514762

Appropriate for ages: All ages

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