I mean it’s true but it’s not newsworthy. Everything has been probability based for ever, just now it is so explicit and everyone talks pseudo stats like. Example p hacking, bayesian.
Not trying to be clever, just a bit frustrated. How Everything Became Gambling is the main title. The cities that these firms were founded in has little to do with the point I think that the author is making regarding gambling. The impact on young men and women is my concern as a father and uncle, and I was hoping for a discussion about gambling.
It was probably flagged because however much you (and for the record I, and most other people here) may think that the rise of sports betting and prediction markets are a problem, this particular article is full of nonsense and really quite bad.
I was ready to say "NYT should be shut down but I must admit that the addiction-based mechanisms in tech are causing genuine problems in my life". But tbh sounds like they're just up to their usual luddite dumbassery.
Journalism, papers of record and professional opinion havers can't be replaced soon enough.
Why is this flagged? How Everything Became Gambling is the main title and very relatable to me. I find it difficult to believe that the increased focus on gambling won't corrupt sports like NFL football.
I find myself longing for the good old days where commercials during NFL games at least taught my sons the danger of erections lasting more than 4 hours.
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[ 2.2 ms ] story [ 37.8 ms ] threadarchive.is link: https://archive.is/fkhaL
* Silicon valley gave us DraftKings, Polymarket, and crypto.
* Modern business planning and venture capital firms make "bets" based on the expected value of investments, i.e. probability of success.
* LLMs compute a probability distribution on the next token.
Therefore everything that silicon valley does looks like gambling and shame on them. Sad times seeing stuff like this in the paper of record.
DraftKings was founded in Boston and funded by Boston and other East Coast VCs.
Polymarket was founded in New York with funding from all over the world.
Crypto wasn't created in any particular place, and crypto companies are probably the least geographically concentrated kind of tech company there is.
Venture capital and modern business planning weren't invented in Silicon Valley, either.
Statistical models have been around for hundreds of years.
This is "not even wrong" territory.
Again, why is it flagged?
Journalism, papers of record and professional opinion havers can't be replaced soon enough.
“Breaking: The logic of gambling undergirds our reality!!!”
Swapped the l for I (eye) and it’s almost impossible to tell until they evaluated the winnings.
I find myself longing for the good old days where commercials during NFL games at least taught my sons the danger of erections lasting more than 4 hours.