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Gambling can be easily defined as either assuming a risk or playing a game for money or property. Those who purchase stocks, or invest money are playing financial game to generate a return on money and are generally reasonable people who understand the risks inherent. So the assumption of the argument that gambling is irrational is a clear case of confirmation bias based solely in the individual’s view of gambling. This of course does not mean the entire Yes argument has confirmation bias; it does however show that the argument for the Yes column based on ones state of mind may in fact have confirmation bias.
Continuing on to the No column we see that the argument again approaches the psychological aspects involved. However, instead of simply making a statement of fact or opinion the argument outlines why the psychological aspects exist.
There are other areas approached and all are cited or linked to other sources for support. While this section shows a decided lack of confirmation bias it should be noted that the No side does not in fact address or counter the Yes side but simply offers an argument that explains the initial question.
The citations for the No side show that the desire of those arguing the No side was based in research and an attempt to decide the truth. The citations used went back to publications by noteworthy news organizations such as PBS. This article in turn cited various studies and research that had been submitted on the subject. On the Yes side of the argument there were no citations supporting the argument, making the argument itself a personal one that while it may have had a basis in truth lacked the support necessary to prove that.
As a result of these observations it would be my conclusion that the No side is much more trustworthy given the nature of the argument and the lack of spurious claims without supporting evidence. The validity of each argument is something that could not be properly verified
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Gambling has a very long history. Since the inception, gambling has emerged as a controversial issue. A number of people argue that the gambling is required to be legalised as this is a leisure activity and a good revenue source.
China with its keno and with gambling as part of their culture influenced other nearby Asian countries to come up with their own version of gambling games. Recently, Macau launched bigger casino hotels affirming that Macau is the “Monte Carlo” in the orient which is being visited by gamblers near and far.
Gambling, based on the definition of Blaszczynski, Walker, Sagris and Dickerson (1997), is the act of staking money or wagering some items of material value in a specific event with the given objective of winning money or material goods though the outcome is not certain for the reason that winning is determined by chance.
Gambling is a game that has existed for a long time, but it becomes more popular after the Second World War. In the year 2008, more than twenty six million people gambled in the state of Indiana generating more than $2.6billion in win (Landers, 2009). Landers also argue that gambling brought about income inequalities especially from taxation than other income generating activities due to the complex nature of the game.
Though gambling is considered illegal in some countries, online gaming is allowed in most of the developed countries. This paper describes the general background of William Hill, an online gaming company. William Hill gambling company is a company associated with online betting.
That some individuals who do not now gamble will become inextricably involved in its operation if it were made legal, to the point that they will be defined as "problem" gamblers, seems inevitable. It is now estimated that there are some ten million "compulsive" gamblers in the United States, and Gamblers Anonymous, begun in 1957, has become the therapeutic force resembling its counterpart for alcoholics in the field.
Gambling is shown to have begun in the state of Nevada. It was adopted as a way of providing revenue to the state and the poor education system. The effect was the increased revenue because of tourist activities. There
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