50 Things That Made the Modern Economy

Slot machines

Feb 24, 2020
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ANECDOTE

From Cashier To Compulsive Player

  • Molly went from making change at slot machines to feeding whole paychecks into them during multi-day binges.
  • Natasha Doshull describes Molly's gambling as absorption rather than pursuit of a jackpot.
INSIGHT

Mechanical Origins To Digital Profit Engines

  • Slot machines began in the 1890s and evolved from mechanical reels to computerized devices that mimic old levers.
  • The digital shift removed the need for attendants and increased profitability through design choices.
INSIGHT

Small Returns And False Wins Drive Engagement

  • Modern slots give many small returns and frequent celebratory cues rather than rare big jackpots.
  • Researchers found so-called "false wins" create the perception of success despite net losses.
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