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How Do You Gamble Without Losing Money

at 8:47

From the episode: Nassim Nicholas Taleb on Rationality, Risk, and Skin in the Game

Be diligent about only playing with the house money. Start with a small bet, and if you lose, place an even smaller bet. When you win, take the winning money, and use that to continue playing.

EconTalk · Nassim Nicholas Taleb on Rationality, Risk, and Skin in the Game · at 8:47 · ·Transcript

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