The Skinnerbox Economy: Horse Betting and Cryptocurrency
Today, I talk about horse race betting, cryptocurrency investing, and operant conditioning chambers ("Skinnerboxes"). Variable reward schedules/payouts hook "investors" with high-risk profiles (particularly young men) into spending their money at the track, in the crypto market, and (increasingly) in both!
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Ko-Fi: https://ko-fi.com/zoognosiswithjoy
Sources
Griffiths, Mark D. "Adolescent social networking: How do social media operators facilitate habitual use?." Education and Health 36, no. 3 (2018): 66-69.
Huggins, Mike. "Associativity, gambling, and the rise of protomodern British sport, 1660–1800." Journal of Sport History 47, no. 1 (2020): 1-17.
Kerr, Jack. "How can legislators protect sport from the integrity threat posed by cryptocurrencies?." The International Sports Law Journal 18, no. 1 (2018): 79-97.
Lee, Choong-Ki, Ki-Joon Back, David C. Hodgins, and Tae Kyung Lee. "Examining antecedents and consequences of gambling passion: the case of gambling on horse races." Psychiatry Investigation 10, no. 4 (2013): 365.
Miller, Penelope P. “U.S. Horse Racing Betting Industry Handle Surges to Highest in Years.” The Sport. January 26th, 2022. https://www.americasbestracing.net/th...
Mills, Devin J., and Lia Nower. "Preliminary findings on cryptocurrency trading among regular gamblers: A new risk for problem gambling?." Addictive behaviors 92 (2019): 136-140.
Pritchett, Kathleen, and Guy B. Mulder. "Operant conditioning." Journal of the American Association for Laboratory Animal Science 43, no. 4 (2004): 35-36.
Topps, Andrew. "Place Your Bets: The Legal Integration of Sports Betting With Cryptocurrency." UNH Sports Law Review 2, no. 1 (2023): 5.
Images
By Original: AndreasJS Vector: Pixelsquid - This file was derived from: Skinner box scheme 01.png: by AndreasJS, CC BY-SA 3.0, https://commons.wikimedia.org/w/index...
By Photo: Myrabella / Wikimedia Commons, CC BY-SA 4.0, https://commons.wikimedia.org/w/index...
By Silly rabbit - self-made (by User:Silly rabbit). Updated in the Gimp by User:Michaelrayw2., CC BY 3.0, https://commons.wikimedia.org/w/index...
Other images from Wikimedia Commons in the Public Domain