Greetings fellow economists from Spear Fish, South Dakota!
I admit the above title doesn't quite have the ring Tony Bennett or Dean Martin gave San Francisco, BUT
there is no sweeter music to my ears than winning enough at Black Jack to pay for not only lodging but drinks as well.
Sadly I had to leave the black jack table with my winnings and continue on in my pursuit to study the Black Hills as a potential for investment property, but I'll always fondly remember Deadwood.
5 comments:
what sort of low rent casino makes you pay for booze?
Why would an economist play a game with a negative expected value?
Did you leave with aces and eights?
Doink,
A cheap one
Anon- Because the utility I derive from getting to gamble exceeds the amount of money I could potentially lose. ie-I was fully expecting to lose $100 as it would be worth $100 to gamble.
The postive externality to this experience is that I won't $140.
Mahan - No, unfortunately I am still alive, but I saw where Wild Bill was shot.
Sheesh, anyone can see that! Just take a mirror and look at the back of your head. DOn't have to traipse all the way out to Nowhere, SoDak and lose cash for THAT.
Post a Comment