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Weekend read: The science of slot-machine gambling

My recommended read for this weekend is an interview with Natasha Dow Schüll, an MIT cultural antropologist, about slot machines (and casinos more generally). The interview was conducted by Brad Plummer of Vox. And I know not that many people use slot machines and gamble anymore, but now you can even do it with apps online, they even give bonus code for new customers sometimes.

slot machine

As is often Vox‘s style, both the interview and a written-up story based on it are on the same page. I’ve linked directly to the interview itself, as I found that more interesting – but, of course, your mileage may vary.

As an aside: the article from http://www.nodepositcodec.com says that manufactures often ‘smooth’ the gameplay by making payouts less volatile, while maintaining the payout rate. Apparently, this is legal, as it doesn’t count as changing the ‘odds’. This seems to imply that, in the States at least, odds are regulated in terms of pay-out rate. This seems an intriguingly dumb interpretation of statistics, which has no regard to the player’s own experience. Can it possibly be true?

This 2,274th post was filed under: Weekend Reads, , , .






More posts worth reading

What I’ve been reading this month (published 3rd September 2017)

What I’ve been reading this month (published 5th August 2017)

What I’ve been reading this month (published 10th July 2017)

Make Poverty History response to G8 result (published 8th July 2005)

Diary for 17th March 2008 (published 17th March 2008)

A Little Knowledge… (published 20th November 2003)

Last Exam (published 21st May 2004)


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