> do we really think people are stupid enough to gamble away lots of money they can't afford to lose? Yes. Yes we do. Because "people" have done exactly that

> do we really think people are stupid enough to gamble away lots of money they can't afford to lose? Yes. Yes we do. Because "people" have done exactly that in every previous stock market bubble, and at every casino, and in sure-fire get-rich-quick "investment" schemes, and 3-card monte games... A better way to frame the question is "do we really think people as a whole have gotten fundamentally smarter since the last time this happened?" "There's a sucker born every minute."