A team of researchers in China and Bristol has developed a way for two parties to play a gambling game fairly, without the need for any third party to step in, using quantum mechanics. The authors think this area of ‘quantum gambling’ could one day be used in casinos. "The fairness of our protocol does not rely on the integrity of any participant, but relies on the assumption that both parties are rational and would like to choose a strategy to maximise their own gains," Xiaoqi Zhou, co-author of the paper, told WIRED.1. Game theory is nonsense. 2. Quantum quackery is nonsense. 3. Game theory * Quantum quackery = nonsense * nonsense. 4. Gambling is a profitable business because it's unfair. A "fair" form of betting will not be implemented by any actual bookies or casinos. 5. Bettors don't want "fair" gambling either. The thrill of gambling comes from beating the house because you KNOW the house has the advantage. If there's no advantage, there's no sense of revenge. 6. And that's the good news. Most stupid ideas are implemented with bombs and bullets by governments, because governments are fueled by psychotically stupid ideas. This stupid idea depends on sane and moral businessmen (ie non-governmental Mafias) to implement it, so it won't happen. Thanks, Ralph.
Labels: Emersonian justice
Polistra was named after the original townsite of Manhattan (the one in Kansas). When I was growing up in Manhattan, I spent a lot of time exploring by foot, bike, and car. I discovered the ruins of an old mill along Wildcat Creek, and decided (inaccurately) that it was the remains of the original site of Polistra. Accurate or not, I've always liked the name, with its echoes of Poland (an under-appreciated friend of freedom) and stars. ==== The title icon is explained here. ==== Switchover: This 2007 entry marks a sharp change in worldview from neocon to pure populist. ===== The long illustrated story of Polistra's Dream is a time-travel fable, attempting to answer the dangerous revision of New Deal history propagated by Amity Shlaes. The Dream has 8 episodes, linked in a chain from the first. This entry explains the Shlaes connection.