Wednesday, January 18, 2006

Economics of Gaming.........

Fun day trips on deluxe motorcoach. Board in Marietta at Perimeter Center MARTA. Play 5 hours at the casino and return the same evening. *Pay $20 pp and get $20 cash back from the casino upon arrival, so net cost=FREE.

The above internet ad is all about economics and human behaviour. Economics, (one of my majors at the University of Minnesota) is really the science of choice. The science of supply and demand. Economics is a complete mystery to most Americans as it was to most college students. I enjoyed it. I live and breathe economics every single day in the stock market. Casino's know that the nanosecond somebody enters a casino the odds of a gambler losing money are all in their favor. The "something-for-nothing", get-rich-quick" mentality of gaming pervades our nation and our Native American communities.

Unfortunately, many people, many who can ill afford losing money, call it entertainment.

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