The gambling Diaries
The gambling Diaries
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Sam laments the new impersonal, corporate-operate resorts of Las Vegas. Thanks to his standing for a reputable and higher earner for that outfit, Sam is allowed to Stay, going to San Diego and returning to sporting activities handicapping; "ideal back again in which I started," as Sam puts it just before asking, "Why mess up a great thing? And that's that."
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Ratio bias. Gamblers will prefer gambles with even worse odds that happen to be drawn from a substantial sample (e.g., drawing a single red ball from an urn made up of 89 pink balls and eleven blue balls) to higher odds that happen to be drawn from a little sample (drawing 1 pink ball from an urn containing 9 purple balls and one particular blue ball).[seventy one]
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