Binary Options are Gambling Not Investment!

If it’s heads you double your investment, if it’s tails you lose everything. That’s the essence of a binary option. Many unscrupulous people are packaging these as investments. But it’s not an investment, it’s gambling! So if you want to understand what a binary option is or what options are in general then watch this […]

Dorkly Bits – Sonic’s Gambling Problem

[Slot Machine Noise] [Rings] Great job, Sonic! Let’s go! Not yet, we’re almost at a hundred rings. [Buzzing] God damn it! It’s okay, there’s plenty more rings over there! No, no, hold on. It’s fine. I got this. [Slot Machine Noise] [Buzzing] Just quit while you’re ahead– It’s alright! I got a good feeling about […]

The Magic Economics of Gambling

This video was made possible by Squarespace. Build your beautiful website for 10% off at squarespace.com/Wendover. According to conventional economic rules, casinos shouldn’t be able to exist. That’s because conventional economic rules assume humans are rational. Conventional economic rules would predict that, if someone offered you a deal where you gave them $100 and they […]

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