Word: risk
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...people who paid the fees to check their bags. I admit, I don't like dragging a suitcase around a cramped jet. I prefer to check mine if I have enough time. But I still have to find a spot for a laptop case and coat, and I still risk getting beaned by falling valises or smacked by baggage that's being hauled down the aisle by overloaded, exhausted, ill-tempered passengers...
Siler, whose work was published in December in the online edition of the Journal of Gambling Studies and will appear later this year in the print edition, was not interested in poker alone but in the larger idea of how humans handle risk, reward and variable payoffs. Few things offer a better way of quantifying that than gambling - and few gambling dens offer a richer pool of data than the Internet, where millions of people can play at once and transactions are easy to observe and record. (See 10 things to do in Las Vegas...
...unlike the risks at the poker table, where your losses are just yours, in the larger world, you can take down a lot of other people with you. "Organizational malfeasance in general depends on this kind of risk analysis," says Siler. "Look at a place like Enron. People took a lot of small chances and won, then took big chances and lost big." Indeed, Siler points out, during the recent financial crisis, an entire nation - Iceland - went bankrupt in a similar way, trusting high-risk, high-reward investments that quit paying...
...Opponents of the gun ban, however, say it only puts candidates at further risk. "No amount of gun bans will stop the bad guys from using firearms to eliminate rivals. The good guys should be allowed to protect themselves," says Richard Gordon, a serving Senator and presidential candidate, whose father was assassinated in the early years of the Marcos dictatorship. With candidates staking so much money and personal prestige on winning, the only way to make elections less violent is to reduce the giddy costs of campaigning and encourage a less vitriolic debate among rivals, says Gordon...
...holding public office. It is, of course, too early to predict whether the measures will be effective. But a cartoon in the Philippine Daily Inquirer this week succintly captured the public mood, depicting the barrel of a handgun as two fingers - crossed. And as security analyst Pete Troilo at risk consultancy Pacific Strategies & Assessments points out, "Innately resilient Filipinos and hardened expatriates ... recognize that despite the violence that will definitely accompany the elections, this does not portend a breakdown in law and order" at a wider level...