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 illusory - 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

• Why the process matters more than the outcome

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• Self-Help & CounsellingCompulsive BehaviorGambling
• HumourPuzzles & GamesGambling

• Publication Date: May 26, 2016
• Text-to-Speech: Disabled
• Lending: Disabled
• Print Length: 352 Pages
• File Size: 42 KB