I Changed My Mind About Betting
By Bryan Caplan
The most profound way I changed my mind:
When I was a child, I thought betting was like playing with matches. Only fools did either. The habit stuck through my twenties until I met Robin Hanson.
Hanging out with Robin didn’t just make me lose my prejudice against betting. He led me to my current view: intellectuals who refuse to bet on their beliefs are tricksters, frauds, phonies, eels, and blowhards.
In slogan form: I used to think people who bet were fools. Now I think people who don’t bet are knaves.