Your English writing platform
Discover LudwigExact(4)
"I think that's a fair gamble".
This is a perfectly fair gamble — fairer than many casino games, which are designed to favor the house — but the appeal of winning ten dollars wasn't enough to overcome the potential pain of losing ten dollars.
I mentioned earlier that the people I surveyed were unwilling to play a fair gamble unless the prize for winning was two-and-a-half times greater than the punishment for losing — and that pattern resonates with the outcomes of the European study.
To examine this question in a simple model, we performed a stochastic, numerical simulation of the competition between two species which differed in their propensity to accept a "fair gamble" in which the single-generation fitness gain of a "win" was balanced, in expectation, by the cost of a loss.
Similar(56)
Fair gambles over small stakes are acceptable, but large ones are to be avoided.
Bookmakers claim that Fairer Gambling is motivated by commercial interests.
Fairer Gambling is an organisation with a commercial interest in running down high street bookies.
Derek Webb, of the Campaign for Fairer Gambling, said the sheer volume of advertising risked fuelling gambling addiction.
The Campaign for Fairer Gambling (CFG), said the case was evidence that some senior staff in the industry were not serious about reducing problem gambling.
Adrian Parkinson, who worked for the Tote, was involved with launching fixed-odds betting terminals from 1999 until 2008, and authored the study for Fairer Gambling.
Fairer Gambling was founded by Derek Webb, founder of casino games developer Prime Table Games, which he sold in October last year to the Las Vegas-based Galaxy Gaming for $23m£15m5m).
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com