Comment by fantasizr
3 days ago
these apps should load with this pie chart showing your likelihood of ever making a profit based on what they know about you. "YOU WILL LOSE MONEY ON THIS APP". Like the cigarette packs.
3 days ago
these apps should load with this pie chart showing your likelihood of ever making a profit based on what they know about you. "YOU WILL LOSE MONEY ON THIS APP". Like the cigarette packs.
Just look at lotteries.
I don't believe in them because when you consider operational costs, less money comes out of the lottery than goes in, so if everyone simply didn't bet on the lottery, they would have more money than if they bet on it.
But everyone who bets thinks "but what if I win?"
That ”but what if I win” is realistically what you’re paying for if you buy a ticket.
Maybe the sum of enjoyment lottery participants get from daydreaming about winning is >= the cost of running the lottery?
at least the lotteries and las vegas publish their odds. Losing to the terrible math is probably better than playing against someone with inside information.
This is (possibly what you’re thinking of) a requirement in the EU for CFD trading providers. Providers have to (somewhat prominently) state in all of their ads what percentage of traders loses money using the product.
>99% CHANCE OF LOSS
Yeah but I'm not a sucker like those other 99 guys!
Interesting, would love to see that applied here. Every third ad is about how I can make money on the weather.
MLMs were forced to do this but it doesn't seem to change their recruitment ability.