Ep. 42 — The Psychology of Gambling: Impulsive Disorders & The Power of Prediction Markets
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About this listen
Is gambling an addiction, or is it something else entirely?
In this episode, Dr. Roger Hall clarifies the clinical language around "vice." He distinguishes between Compulsive behaviors (like OCD, done to reduce anxiety) and Impulsive behaviors (like gambling, done for pleasure), arguing that understanding this difference is key to self-control.
Dr. Hall also explores the booming world of Prediction Markets, explaining why having "skin in the game" makes betting markets a more accurate predictor of reality than traditional polling.
💡 What You’ll Learn:
- Clinical Definitions: The difference between Addiction (chemical) and Impulse Disorders (behavioral).
- Reinforcement Theory: Why "intermittent rewards" are the hardest habits to break.
- Market Psychology: How betting markets remove bias and reveal the truth.
- Historical Context: Why the 18th Amendment (Prohibition) proves we cannot legislate morality.
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