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.
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.
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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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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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: 1:18 PM
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