Dr. Keith Humphreys

And then it goes like, you know, you've matched this way.

You've won 10.

And it goes off and you've matched that way.

20, oh my God, I've won again.

40, I won 40, 20 and 10 with all these exciting things.

I just lost, you know, 30% of what I put in.

but it feels like a win.

And they realized, as you say, people will keep playing even while objectively they're just pouring money down a sewer.

Absolutely.

And it's interesting too, you know, casinos are one of the few places where you can still smoke, you know, indoors, and you get free drinks.

And so it's really like absolute dense pack of addictions.

And a huge number of people problem gamers are problem drinkers and also are addicted to cigarettes.

And so when I go to the Las Vegas, it's almost like an anthropology experience for me.

I just look at all this like, wow.

And there was a story in Scholl's book, which I just found amazing, with a bunch of people playing, playing, playing, playing, and somebody had a heart attack at one of the machines, fell over on the floor in a group of them, and none of them even reacted.

They just kept playing as this person died.

What a metaphor for society.

Okay.

Yeah, it depends.

Those are different regimes, and this is a really important point to get into when you think about policy.