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Pastimes : SI vs. iHub - Battle of the Boards Part 2 -- Ignore unavailable to you. Want to Upgrade?

To: EL KABONG!!! who wrote (4046)	5/28/2002 5:43:53 PM
From: (Bob) Zumbrunnen	Read Replies (1) \| Respond to of 5315

PS - Grade me... How'd I do? Aced the quiz and got half a point for the extra credit. Agree with nearly everything, so I'll just address the following... To borrow from another area of human psychology, why buy the cow when milk is free? Okay, let's make it a cow that gives you chocolate milk if you own it, but free milk if you don't. And you're not lactose-intolerant. And like chocolate a lot but don't need it for survival (my sister doesn't fit this category -- she apparently needs it more than water but less than air). My guess, and it's strictly a guess is less than 2%. Eerily close. It's higher, but by very little.

To: EL KABONG!!! who wrote (4046)	5/28/2002 6:22:43 PM
From: The Philosopher	Read Replies (1) \| Respond to of 5315

If I remember correctly, the NYSE had the highest average age, highest average income, highest average education level, etc. among its customers. This tracks what I understand to be the general demographics of gambling, too -- that the wealthy go for higher stakes games, where the house percentage is fairly low and you tend to win almost as much as you gamble, while the poor have to be satisfied with buying lottery tickets that are cheap and have a very low likelihood of paying of but pay off big when they do. Would be interesting, if people were willing to be honest, to have people here say a) how often in the past year they have bought a lottery ticket, and b) how often in the past year they have traded (short or long) a pink sheet stock. In my case, it's zero and zero.