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Hanna Horvath

πŸ‘€ Speaker
273 total appearances

Appearances Over Time

Podcast Appearances

Marketplace All-in-One
What happens when you can bet on anything?

He enjoys the game.

Marketplace All-in-One
What happens when you can bet on anything?

He enjoys winning.

Marketplace All-in-One
What happens when you can bet on anything?

And then, unfortunately, he loses.

Marketplace All-in-One
What happens when you can bet on anything?

And then once debt accumulates, that activates regions in his brain.

Marketplace All-in-One
What happens when you can bet on anything?

He starts to think, I'm a loser.

Marketplace All-in-One
What happens when you can bet on anything?

This isn't good.

Marketplace All-in-One
What happens when you can bet on anything?

It's intolerable.

Marketplace All-in-One
What happens when you can bet on anything?

I got to chase my losses.

Marketplace All-in-One
What happens when you can bet on anything?

And instead of stopping, he views gambling as the solution.

Marketplace All-in-One
What happens when you can bet on anything?

Dig, dig, dig, dig, dig, dig, dig.

Marketplace All-in-One
What happens when you can bet on anything?

And it's just a matter of math.

Marketplace All-in-One
What happens when you can bet on anything?

And then once that hole gets bigger, that's what the addiction is.

Marketplace All-in-One
What happens when you can bet on anything?

Yeah, a lot of what I talk about is the way that we spend our money or manage our money is often a way to reinforce an identity or a self-concept we have about ourselves.

Marketplace All-in-One
What happens when you can bet on anything?

And then money itself can also create a new identity and it's very emotionally driven.

Marketplace All-in-One
What happens when you can bet on anything?

And so what happens is, you know, there's a social aspect, there's a community aspect, maybe there's even a boredom aspect.

Marketplace All-in-One
What happens when you can bet on anything?

And so once you kind of get wrapped up in this flywheel of gambling, you know, it often will, again, you'll just kind of keep

Marketplace All-in-One
What happens when you can bet on anything?

participating in it to reinforce that self concept you have of yourself.

Marketplace All-in-One
What happens when you can bet on anything?

And of course, there's also wrapped up in this idea of like, you know, we're in a loneliness epidemic.

Marketplace All-in-One
What happens when you can bet on anything?

Loneliness is a big business.

Marketplace All-in-One
What happens when you can bet on anything?

Lonely consumers are more likely to spend money.