States Playing “Race to the Bottom” with Casinos

Image Source: (Syracuse Journal, September 18, 1891) “A romanticized cutaway sketch of an early Erie Canal packet boat.”

That the amendment proposed to the NYS Constitution for 2013 would greatly increase the occurrence of problem gambling and gambling addiction in New York is a strong argument against its utility.  Another is that it would if passed set neighborhoods and other community levels against each other in hostile and envious competion  where everyone loses in the end.  This can be framed as a Prisoner’s Dilemma, a staple in game theory.

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