*****Forwarded Message*****
···
To: vpFREE@Yahoogroups.com
From: "Mickey" <mickeycrimm@yahoo.com>
Date: Mon Feb 21, 2011 10:43 pm
Subject: Re: Gambling With an Edge Feb 17th
--- In vpFREE@yahoogroups.com, "Frank" <frank@...> wrote:
In find two things interesting about your reply.
One: You used as your example of the not so good nature of people, >a group of
humans that work in a casino in the gaming industry.
I'll give aother example from a different occupation at the end of this post.
Two: You made no judgments as the to rightness or wrongness of such >behavior.
What I think is wrong is destroying a person's incentive to produce.
Are you saying that it's human nature to be greedy and self->serving? (no
argument there)
Well, how long did you pound on the dollar Joker's at the El Cortez, Frank? I
know you know what was going on there. Jackie had the machines staggered so you
couldn't play two at a time. He also had the deal/draw speed slowed down to a
crawl. You couldn't get out 500 hands an hour. So did you pound on those
Joker's, Frank? Or were you greedy and self-serving by moving on to a joint
where you could get out 2000 hands an hour?
Or are you instead saying that IT SHOULD be human nature to be >greedy and
self serving? (If this is what you mean, I can only hope >you are wrong.)
So how many video poker players did you not hire because they couldn't get up to
snuff. Was that a benevalent move?
What I'd like to know is if they made Greenpeace members split tips >if their
productivity would go down.
Yeah, I like Whale Wars too.
I believe poker dealers might be a slightly biased sample.
Have you ever watched Deadliest Catch? You see how hard those guys work? I was
a stevedore in Dutch in the late 80's to 92. The Russians and Americans had
this glasnost thing going on. On the American side of the Bering there were
quotas as to how much fish could be pulled up. You had to leave enough fish
down there to reproduce. So the work was seasonal.
Meanwhile the Russian side of the Bering was teaming with fish. Gorbachev got
the idea that his fishermen just didn't know how to fish. Joint ventures were
proposed. Split the catch 50/50. Gorbacheve thought for sure the American
fishermen could teach his guys how to fish. And the Americans chomped at the
bit to get to the other side of the Bering.
Didn't last long though. You see, the American fishermen were paid on
production. They were paid a percentage of the catch. They had major incentive
to work long and hard hours. But the Russian fishermen were on salary. They
were on State payroll. It didn't matter if they caught 1 fish or 100,000 fish,
they got paid the exact same thing. And it wasn't a whole lot. I seen many a
Russian fishermen in Dutch. It was an easy observation that they were very
poor. And they had absolutely no incentive to produce.
So what happened to the joint ventures? They fell though in less than a year.
The American fishermen got tired of doing 90% of the work for 50% of the catch.