Friday, August 11, 2006

 

Double Standard

Here is Becker and Posner on the Double Standard provided by the States and Nation as a whole: Internet Gambling.

Here's Becker, Here's Posner.

They do a good job, but it is important to realize that the odds of winning are significantly better in a casino or at the race track than they are at the State-Run lottery. I am thinking competition has something to do with that...

An associated area of interest is the alleged social externalities of gambling "addiction". They are a bit of a stretch for the most part, but they are interesting nonetheless.

Comments:
Chris,

Good point about the odds being different for State-run lotteries. I never thought much about it, but I would have to agree.
 
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Where did you find it? Interesting read »
 
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