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Tag Archives: Gambling
*The World Truth League*
How can we combat fake news and falsehoods without resorting to censorship? In my previous post, I introduced the general idea of a World Truth League, where teams of prominent experts, public intellectuals, and others would be able to compete … Continue reading
How to expand the appeal of information markets (reply to Whitaker & Mazlich, part 2)
My previous post surveyed this powerful critique of information markets made by Nick Whitaker and J. Zachary Mazlish. Among other things, Whitaker and Mazlish identify three types of investors — savers, gamblers, and sharps — and explain why existing information … Continue reading
Should “The House” always win?
To be more precise, should casinos be able to use the law of negotiable instruments to get around the law of contracts? Or should gamblers be able to use the law of contracts to get around the law of negotiable … Continue reading
What % of basketball and football games are fixed?
The fraction or number of such games has to be greater than zero, but how much greater? By way of example, do you detect any suspicious patterns or red flags in this box score of the Huskies’s 63-53 Final Four upset victory over the Gators yesterday … Continue reading
Why don’t more people play “credit card roulette”?
Credit Card Roulette or CCR is “a way of gambling for bills, usually played for the purpose of settling restaurant checks, by randomly drawing one participant’s credit card.” The website pokerterms.com (from which my definition of CCR is borrowed) offers the following illustration of … Continue reading
Bets & taxes
“Are gamblers required to pay taxes on every winning bet – for example, every winning pull of the slot machine? Or can they report the overall income – gains minus losses – from a session of gambling?” This is the … Continue reading
prior probability 