The Science Of Gambling

This assignment utilizes the SafeAssign originality tool. Upon submission, SafeAssign will generate an originality report that detects plagiarism. This report will be sent to your instructor.

Prompt

Since its early beginnings as a desert oasis for California-bound travelers, Las Vegas has experienced exponential growth as a haven for entertainment.

The primary factor in this unabated growth has been the gambling industry. Every year, Las Vegas casinos take in billions of dollars from people engaged in various forms of gambling (poker, roulette, legal sports betting, etc.).

Most individuals will tell you that they know they are unlikely to win anything when gambling and yet will continue to do so. In fact, thousands of sensible people flock to Las Vegas every year with the meager hope of a long-shot win while gambling.

For this paper, examine empirical research on gambling and answer the simple question: ‘Why do we gamble?’ Additionally, explore the concept that we do not seem to learn from our losses in gambling. When faced with continued losses in most endeavors, we would choose to quit.

However, gambling is very different in this sense. Your paper can discuss gambling addiction to some degree, but please focus on persistent (non-problematic) gambling as an indication that we learn differently with this task.