Frank,
Your posts are always entertaining and I am looking forward to reading your book because I have that availability bias thing from reading your posts.
However. I would not claim to know that a poster meant "everyone he knows" instead of "EVERYONE." Actually there are a number of possibilites for what the poster is really saying. He may not know anyone who has admitted not reporting taxable income, but his opinion of human nature is that everyone (100%) will underreport or not report cash income if they believe they can get away with it. He may mean 99% and is just rounding up to 100%.
Many people apply a different morality to "cheating" involving taxes, insurance, big corporations, etc. There is another morality for those playing sports where cheating is actually secretly and not so secretly admired by many. I have been told that if I am not willing to cheat then I really don't have the neccesary desire to win.
Chris
--- In vpFREE@yahoogroups.com, "Frank" <frank@...> wrote:
>
> Answer Part 1
> Well I'm sure when he said, "everyone", he meant "everyone I know". It's called availability bias. Basically it's people's general inability to see beyond their own personal experience, or understand how limited a single life is in the grand scheme of things. It's normal and nothing to be ashamed of. We all do it, myself included.
>
> Answer Part 2
> As to your second question about the honesty of machines. You asked, "Can someone clear this for me?". Well no, if we have learned anything from my answer to part 1. I can tell you of my own limited personal experience, but I certainly haven't played every machine in every casino and applied the Chi Square test to an appropriate sample size.
>
> So here's my answer take it for what it is. In the 21 long years I've been in gaming I've been personally privy to one instance of non-random machines. As you may know I was manager of a large VP team and have a fairly large sample size. It occurred at the old Silver Slipper. The machines were reported to Gaming Control, they sent out a tech and removed them the next day. A lot of people lost their jobs and the company that had made them went out of business.
>
> Other than that one instance, I've never seen anything to keep me up at nights about the fairness of machines in Nevada in general. Keep in mind a single person playing non-stop for a year can make no certain assumptions about anything based on their results. You need millions of hands to even have a glimmer of certainty. That used to be about a week of action for the team.
>
> ~FK
>
>
>
> --- In vpFREE@yahoogroups.com, Nordo123@ wrote: In regards to Mike's post EVERYONE who gets paid in cash "cheats", I consider myself a subset of "EVERYONE". Last year I won $125 at a video poker tournament. No paperwork, W2G, or Misc income form. I was paid in cash. I reported the $125 as a contest win on my taxes. I am worried however about video poker machines that are not honest. I keep hearing stories. Can someone clear this for me?
>
