There’s Nothing to Do Except Gamble

Re:There’s Nothing to Do Except Gamble by TRcontrarian on Thursday April 15, 2021 @08:24AM (#26819562)

Is it better to live in a world where the future is unknown, and the best we can do is guess where value will be, or one where the future is known, and the prices of all investments are stable and already priced at their exact values? In which world is optimism and class mobility possible?

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Re:There’s Nothing to Do Except Gamble by sixstringtheory on Thursday April 15, 2021 @01:28PM (#26823540)

Excellent question that reminds me of two anecdotes:

1) In my CS ethics course, we had a writing prompt asking whether, assuming perfect capability, it would be better to replace sports referees with computers

2) I wrote a cheat program for a word game my dad liked playing. Super proud of my accomplishment, I showed it to him, and he was impressed for a minute before stating the game wasn’t fun that way (also have an earlier version of this memory involving a Sega Genesis Game Genie)

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Re:There’s Nothing to Do Except Gamble by beiller on Thursday April 15, 2021 @12:22PM (#26822496)

Excellent point. And to drive a steak further into this idea - ironically gambling is the one where all the prices / chance / rewards are absolutely known up front and calculable. I guess that's what sets wall st. apart from gambling in a casino.

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