Richard Dawkins Quotes

A Gambler Must Think Of Three Main Quantities, Stake, Odds, And Prize. If The Prize Is Very Large, A Gambler Is Prepared To Risk A Big Stake. A Gambler Who Risks His All On A Single Throw Stands To Gain A Great Deal. He Also Stands To Lose A Great Deal, But On Average High-stake Gamblers Are No Better And No Worse Off Than Other Players Who Play For Low Winnings With Low Stakes. An Analogous Comparison Is That Between Speculative And Safe Investors On The Stock Market. In Some Ways The Stock Market Is A Better Analogy Than A Casino, Because Casinos Are Deliberately Rigged In The Bank's Favour (which Means, Strictly, The High-stakes Players Will On Average End Up Poorer Than Low-stake Players; And Low-stake Players Poorer Than Those Who Don't Gamble At All.

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