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Category: Observations
A Way to Tell If You Are Dreaming
No further explanation needed. All comments welcome.
Best Use of Floorspace, Misunderstanding.
Several casinos decided against poker rooms when their research showed that slot machines make more money on the same number of square feet. But in non super crowded casinos, the poker revenue is simply extra money since it’s easy for someone to move their slot play to other spots. Plus, the poker room may bring… Continue reading Best Use of Floorspace, Misunderstanding.
Is “We Will Match Competitor’s Price” Sometimes Surreptitious Price Fixing?
This is one of those ideas that I thought up myself but was later to find out that others had thought of it before me. Furthermore, there are fairly good counterarguments except when you are talking about a small town with few retailers. Still, I thought it was worth posting because it is a good… Continue reading Is “We Will Match Competitor’s Price” Sometimes Surreptitious Price Fixing?
Fake Cameras and More Lawyer Nonsense.
There was a car break in, in the parking garage of the smallish casino I consulted for. There were no cameras since it wasn’t deemed worth the cost. But fake cameras would undoubtedly deter most future break ins. Our attorney nixed the idea. Though they would stop most crimes they would be an admission that… Continue reading Fake Cameras and More Lawyer Nonsense.
“First Do No Harm” Can Be Harmful.
Those readers who are advantage gamblers certainly realize where I am going with this. If the “expected value” of a medical procedure is significantly higher than doing nothing, it is malpractice to settle on doing nothing just because doing something occasionally does harm. Undoubtedly most doctors know this. Unfortunately, lawyers pretend like they don’t. No… Continue reading “First Do No Harm” Can Be Harmful.
Observations
14. “First Do No Harm” Can Be Harmful. Those readers who are advantage gamblers certainly realize where I am going with this. If the “expected value” of a medical procedure is significantly higher than doing nothing, it is malpractice to settle on doing nothing just because doing something occasionally does harm. Undoubtedly most doctors know… Continue reading Observations