Robot Gamblers Are Making People Poor
When “stocks only go up”, people realize the stock market is a casino with much better payouts. Gamified trading has tethered us to our phones and bank accounts.
John Luttig • Finance as culture
machine gambling is not a symbolically profound, richly dimensional space whose “depth” can be plumbed to reveal an enactment of larger social and existential dramas. Instead, the solitary, absorptive activity can suspend time, space, monetary value, social roles, and sometimes even one’s very sense of existence. “You can erase it all at the machin
... See moreNatasha Dow Schüll • Addiction by Design
People focusing on the ways to turn a quick buck will miss the opportunity.
The Atlantic • Lessons From 19 Years in the Metaverse
Gambling addiction may be an overtaking of extrinsic reward (the house always wins, after all) by intrinsic reward. Random events are always at least slightly surprising, even when their probabilities are well understood
Brian Christian • The Alignment Problem
mortgage brokers who cater to the poor are often more interested in making a quick buck. So,