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Diversification Bias - HACE 1100
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Diversification Bias - HACE 1100

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Transcript

  • 1. I diversified my gambling
  • 2. Spring Break
    Las Vegas, Nevada
    March 11, 2010
    11:42 P.M.
  • 3. Anna is ready to do some gambling
  • 4. But she’s never been to a casino before…
  • 5. Anna doesn’t know what game she should play
  • 6. Anna thinks craps is too complicated…
  • 7. “I don’t know how to play poker or blackjack,” she says
  • 8. “I’ve had a lot to drink; it’ll be hard to learn something new…”
  • 9. “…after all, I don’t want to end up like those guys from the Hangover,” she says
  • 10. Slots seemed like a safe bet for Anna
    But were they?
  • 11. How’d she do?
    – $125
  • 12. Anna played 12 different slot machines
    After playing $10, she moved on if she thought the machine was “cold”…
  • 13. A machine she left even had a $500 payout shortly after she jumped ship…
  • 14. Note to Anna…
    Next time, stick to ONE machine…
  • 15. … Oh, and take me with you.

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