3 ms·

Gamblification is very, very different from financialization.

• hippo22 10mo ago
  It’s the financialization of outcomes.
  • vladms 10mo ago
    Who does it though? I feel that many people that gamble are the ones that feel "they know better" and they don't see any better way to use their money. Having a part of the population with those attributes seems the root cause of the issue, rather than the specific mechanism they use.
• bigyabai 10mo ago
  Some of it is, but Polymarket is a horse of a different color.
• Gravityloss 10mo ago
  A financialization example: Somehow some company's stock became the go-to for investors that had continuous expectations just for the stock, and not about actual company health. And the company chose to prop up the stock quarter per quarter, instead of investing in long term development, until it crashed. This is somewhat similar to dangers of gamblification I guess. Where the expectations of the investors (gamblers) start shaping the decisions of the professional management of the company.