Dr. Michael Zhang
speaker
1,042 appearances
2 recordings
1 series
first heard Jul 2026
last heard 16 Jul
Dr. Michael Zhang’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 2.
Appearances
You may have some wins throughout, but you're going to have greater losses overall.
And if you do, that's definitely gambling.
And that applies as well to any forms of trading, especially the ones that are more high risk that people get involved in, whether crypto trading or now we look at prediction markets being another variant of
Again, more financialized forms of gambling that are emerging.
Anything like this is definitely gambling too by its definition.
Whether they call it that or not, I say, oh, it's trading.
It's not gambling.
That doesn't matter.
Ultimately, what matters is if the losses outweigh the wins over time, it is gambling.
Over time.
So those wins will happen.
They'll be there.
I mean, it's part of how the thing's been designed with- Yeah.
Reinforcement.
Reinforcement.
Intermittent reinforcement or whatever.
Intermittent reinforcement, variable ratio schedules, all of this stuff.
And that design is pretty much universal, even if it's less obvious in more of the sophisticated forms of gambling, the principles are there.
If you win, it's a part of the design.
And the question is this, if you're actually winning more than you're losing over time, I may not call that gambling anymore.
Showing 161–180 of 1,042 · page 9 of 53
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