Feb 11, 2021 20:00:00

He pointed out that gambling, insurance, and SNS have the same business model, and why?

Openly gambling casinos are not very familiar to Japanese people,

but life insurance, which is covered by more than 80% of Japanese people, and social networking, which is indispensable for communication via the Internet. service and (SNS) casino is a 'fact is rooted in the same business model', the newsletter service Substack is transmitting an article about economic theory and programming in vaso have discussed Mr.

Casinos as a Business Model --Satisologie: Systems // Creativity
https://satisologie.substack.com/p/casinos-as-a-business-model

According to vaso, the biggest reason casinos thrive is because of 'unfair opportunities.' At the casino, the customer may win or lose, but if the number of trials is large enough, the casino will eventually win. And this is also true for insurance products that are designed to benefit insurers based on statistics, vasso points out.

In the case of SNS, there is another element called 'advertiser' as well as platform and user, but the same principle as casino works. In explaining its structure, vaso likened SNS to 'beautiful coral reefs,' users to 'fish swimming in coral reefs,' and advertisers to 'fishermen aiming for fish in coral reefs.' However, reef managers sell fishing rights to fishermen, who pay for 'unfair opportunities' where they don't know if they will catch good prey. '

In addition, Mr. vasso said, 'People use SNS hoping to sympathize with someone, but in the sense that it is not possible to know whether that desire will be satisfied without actually interacting with them, SNS users are also unacceptable. It can be said that it is exposed to deterministic factors, 'he said, pointing out that not only advertisers but also users are being caught by' unfair opportunities 'and using SNS.

In this way, Mr. vasso calls the business model based on 'unfair opportunities' common to casinos, insurance, and SNS as 'odds.' In other words, casinos that profit from gambling win rates and stake-based 'odds' calculations are essentially the same as insurance companies and SNSs that do business based on risk and return calculations. That is Mr. vasso's claim.

vaso's online bulletin board · Hacker News of which covers the article

thread , the 'majority of the insurance company is selling the contract less than the fair price, we have established in the floating exchange rate' that writing and ......

'Casino someone someone lose if you win

a zero-sum game but is, advertisers Unlike this is SNS to obtain the consumer with high interest advertising Win-Win is' that the writing had been posted.