Gambling is treated as taboo in school, all but outlawed. Is there a world where fewer people make devastating risky decisions in adulthood because we better acclimate and educate our youth via gambling in safer and controlled environments?

Not to mention including any kind of financial literacy at all.

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I definitely had a big pog phase too. It was banned in school but people still played in the streets.

One formative experience I had in elementary school was when a teacher made a fake currency to reward for getting questions correct, and you could buy candy with it at the end of the class. That day was math day, so lots of math questions, and as an ESL immigrant I was relatively better at math so I dominated. I basically bought the entire stock of candy that day. The rest of the class got really angry at me and started namecalling etc.

I didn't super understand what happened, I was kinda in my own little world and didn't feel connected to anyone else in my class yet. But it was a valuable experience, changed my perspective a lot. Perhaps influenced my views on capitalism, even.

I had an elective Wall St class in middle school where we learned to study newspaper tickers and ghost invest. And of course us kids would be degens trading collectibles from pogs to magic cards, pokemon cards. My first rug pull was getting fleeced on a trade by an older kid. 🤷‍♂️

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Not dissimilar to sex education, alcohol/drugs, etc. Don't drive it away, offer safe places and ways to practice it.

Curriculum-wise, I imagine it would be tied to financial literacy. Plus trying out a variety of types and games, like coin flips, blackjack, lotteries, speculating on stonks or memecoins, prediction markets. Talk about odds and expected outcomes, and house edge, etc. Do some with fake money and some with small amounts of real money (maybe everyone gets $2 real money to start). Opportunity cost, how speculation is everywhere in our day to day lives, how dopamine addiction works, dopamine seeking behaviour, self care and self regulation, etc.

This is of course stretched out over several years, into highschool.

What do you think healthy gambling education looks like?

Agreed. Regret minimizing is very powerful and has been a useful guiding star.

Also relevant to the classic "regret minimizing" framework, parallel thread: https://warpcast.com/shazow.eth/0x961b1f39

Annie Duke is cool, I was a fan during the early WSOP days!

Yep agree, life decisions are calculated bets. Imagine a statistics and rational decision making focus in education and how that might help people individually (and even in collective decision making/governing)

One popular version of this I can think is Annie Duke’s book Thinking in Bets.

A gambling class paired with teaching probabilistic thinking would probably go a long way for a lot of kids

Education is great. Acclimating I feel very confident is not a good idea

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Interesting idea. Decision-making and evaluating risk are good topics that would fit this type of education. I'm taking more risks lately and adjusting my thoughts and behaviors is challenging.