this post was submitted on 05 Jun 2025
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I went to a casino once because my roommate at the time wanted to go for a bit. He even spotted me $10 because I had no cash on me. Turned that $10 in to $40, paid back the roommate and left with the $30 and never went back.
When i was in Australia, i was kinda surprised how widespread gambling was. There were some gambling machines in almost every pub. I put 5 dollars in a machine and won 50. Never ever gambled again.
There's a study on this... I o py remember it pretty vaguely, but the tl;dr was that if people win at gambling it doesn't hold much appeal -- the initial drive to continue gambling only comes after losses. Something about 'making up for' anything you lost drives the addiction behaviour far more. This struck me initially as kinda counter-intuitive (you'd think that people were more motivated by behaviours with positive outcomes, right?) so it always stuck in my head...
Google sunk cost fallacy
No
but you already invested so much effort into this
You sank
Alas
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