Skill vs Luck
Wonder Cabinet
Wonder Cabinet Productions
4.8 • 1K Ratings
🗓️ 7 June 2015
⏱️ 53 minutes
🧾️ Download transcript
Summary
skill versus luck Gambling with 100% Skill; Is there an Equation for Success?; Choreographer Bill T. Jones on the Randomness of Musician John Cage; Poker Legend Annie Duke on Luck; BookMark: Julie Schumacher recommends Saramago's "Elephant's Journey"; On Our Minds: The Eurozone Crisis.
Transcript
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| 0:00.0 | It's to the best of our knowledge from PRI. |
| 0:05.0 | I'm Anne Strain Champs. |
| 0:07.0 | Today, skill versus luck. |
| 0:10.0 | We're up on night to get lucky. |
| 0:12.0 | We're up on night to get lucky. |
| 0:14.0 | In the late 90s, poker exploded because suddenly you could play it online. |
| 0:19.0 | You could gamble on poker anywhere, anytime, for real money. |
| 0:24.0 | And forget about going to Vegas. |
| 0:25.7 | There were people making a living playing online poker at home in their pajamas. |
| 0:30.9 | But then came, wait for it. |
| 0:35.8 | Black Friday. |
| 0:46.8 | April 15th, 2011, the day the federal government shut down the top three online poker gambling sites. |
| 0:51.1 | They froze accounts, indicted executives, sent some of them to jail. |
| 0:57.8 | And all those people who were making a living playing poker had to find something else to do. |
| 0:59.7 | But here's the thing. |
| 1:02.9 | Remember I said we're talking about skill versus luck? |
| 1:05.6 | Well, the law that shut down internet gambling. |
| 1:09.1 | It's called the unlawful internet gambling enforcement act. |
| 1:10.6 | That law has a loophole. |
| 1:15.4 | It turns out it's not all internet gambling that's against the law. |
| 1:18.9 | It's wagering on games that are subject to chance. |
| 1:25.2 | And game designer, actually gaming legend, Jason Rohrer, took this loophole as a challenge. |
... |
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