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Michael Easter on Excess, Moderation, and the Scarcity Brain

EconTalk

CHAPTER

The Psychology of Gambling and Consumption

This chapter explores the evolution of slot machines and their psychological impact on behavior, drawing parallels between gambling, social media, and junk food consumption. It delves into the manipulative elements of unpredictability and quick rewards that engage and often lead to compulsive behaviors. By discussing concepts like dopamine's role and the Japanese practice of Misogi, the chapter emphasizes the importance of choosing challenging activities for long-term fulfillment over short-term gratification.

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